Militia Capital Management LLC Invests $1.62 Million in BitMine Immersion Technologies, Inc. $BMNR

Militia Capital Management LLC acquired a new stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 82,098 shares of the company’s stock, valued at approximately $1,624,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in BitMine Immersion Technologies in the 4th quarter worth about $27,000. Ankerstar Wealth LLC acquired a new position in shares of BitMine Immersion Technologies during the 4th quarter valued at about $27,000. Trust Co. of Vermont increased its stake in shares of BitMine Immersion Technologies by 424.4% during the 4th quarter. Trust Co. of Vermont now owns 1,180 shares of the company’s stock valued at $32,000 after acquiring an additional 955 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of BitMine Immersion Technologies by 72.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,859 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of BitMine Immersion Technologies in the third quarter worth approximately $37,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BMNR. Weiss Ratings restated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Wednesday, July 15th. B. Riley Financial cut their price target on shares of BitMine Immersion Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald decreased their price target on shares of BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.65.

BitMine Immersion Technologies Price Performance

Shares of NYSE:BMNR opened at $17.30 on Monday. The business has a 50-day moving average of $16.24 and a two-hundred day moving average of $20.04. The firm has a market capitalization of $10.43 billion, a PE ratio of 345.90 and a beta of 1.28. BitMine Immersion Technologies, Inc. has a 12 month low of $12.80 and a 12 month high of $71.74.

BitMine Immersion Technologies (NYSE:BMNR) last released its quarterly earnings data on Tuesday, July 14th. The company reported ($128.25) earnings per share for the quarter. BitMine Immersion Technologies had a negative net margin of 14,306.56% and a positive return on equity of 3.35%. The firm had revenue of $46.53 million during the quarter. As a group, research analysts anticipate that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.