BMNR
AMEX · Technology
Bitmine Immersion Technologi
$28.76
+0.51 (+1.81%)
BMNR News30 articles
BitMine Nears Ether Target as Stock Climbs 7%
BitMine's ether holdings hit 98% of its target after a fresh purchase, boosting shares 6.75% to $27.745. SEC relief for tokenized shares adds momentum.
BitMine Surges 5.8% as Market Narrows Gap to Asset Value
BitMine shares rose 5.8% to $25.625, but its $15.7B treasury offers only a 1.6% discount to common shareholders after preferred claims. ETH staking adds revenue.
BitMine Shares Jump 14% as Market Cap Nearly Matches Crypto Holdings
BitMine shares climbed 14% as its market cap reached $15.9 billion, aligning with its reported crypto holdings. Ether's rally drove the surge.
BitMine Shares Edge Up as Ether Decline Narrows Asset Cushion
BitMine shares gained 0.2% to $23.42, while ether's 0.9% dip reduced the company's treasury discount to 3%, with common equity estimated at $24.21 per share.
BitMine Shares Plunge 7.6% as Ether Drop Triggers $1.16B Market Cap Wipeout
BitMine shares tumbled 7.6% on Tuesday, erasing $1.16B in market value amid a sharp drop in ether prices, with the loss exceeding the crypto treasury's decline.
BitMine Sinks 7% as Ether Rout Trims Crypto Hoard by $4.8B
BitMine shares dropped 7.1% Friday as Ether's decline slashed the value of its crypto treasury by $4.77 billion. The stock still trades at a 30% premium to identifiable assets.
BitMine Stock Slides 7.1% as Ether Treasury Discount Widens
BitMine (BMNR) dropped 7.1% to $23.80, valuing the firm at $14.37B—3.5% below its disclosed $14.9B treasury. A 10% Ether fluctuation impacts gross holdings by $1.43B.
BitMine Stock Slumps 7% as Ether Slide Widens Discount to Crypto Holdings
BitMine shares dropped 7.1% on Friday, cutting market cap to $14.36 billion, while its reported crypto holdings stood at $14.9 billion. Ether's decline and Fed rate concerns triggered the selloff.
BitMine Shares Drop 7% as Ethereum Treasury Discount Widens
BitMine shares tumbled 7.1%, erasing $1.1B in market cap, as the stock now trades at a 3.2% discount to its disclosed Ethereum treasury.
BitMine Shares Edge Up as Ether Treasury Narrows Gap to Market Cap
BitMine's stock rose 1.28% to $24.45 as its $14.9B Ether treasury nearly matches its $14.75B market cap, amplifying sensitivity to ETH price swings.
BitMine Shares Surge 22% as Ether Rally Widens Valuation Gap
BitMine shares rose 22% this week, yet a late Ether rally pushed the value of its ETH holdings above its market cap, spotlighting valuation timing gaps.
BitMine Stock Climbs 9% Despite Ether Dominance in Asset Mix
BitMine (NYSE:BMNR) shares rose 9% this week, but its $4B buyback program is overshadowed by massive Ethereum holdings. Ether price swings dwarf repurchase impact.
BitMine Stock Gains 9% Weekly Despite Ether Flat; NAV Discount Narrows
BMNR climbed 9.4% for the week despite a 2.8% drop in Ether. NAV stands at $18.12-$18.48, with shares trading at a discount.
BitMine Shares Jump 13% on Buyback That Boosts Ether Per Share
BitMine (BMNR) shares climbed 12.8% to $17.81 after the company's buyback program drove a 1.2% increase in ether per share, with repurchases accounting for 86% of the gain.
Bitmine's Discount to Asset Value Narrows Sharply Amid Ether Slide
Bitmine Immersion's gross asset discount narrowed to 5-6% from 18% last week, driven almost entirely by Ether's price decline, bringing shares closer to asset value.
Bitmine Stock Slips Despite Buyback Driving Ether-Per-Share Growth
Bitmine (NYSE:BMNR) dropped 6.5% to $16.59, with a $85.9M buyback contributing 88% of the weekly Ether-per-share gain.
Bitmine Buyback Boosts Ether Per Share, Driving Weekly Gains
Bitmine's latest share buyback drove a 1.05% Ether-per-share gain, with 88% from reduced share count. Stock rose 4.6% to $18.02.
Bitmine Stock Buyback Boosts ETH Per Share More Than Direct Ether Purchase
Bitmine's $85.9M share buyback lifted ETH per share by 0.92%, surpassing the 0.79% gain from a direct Ether purchase, signaling accretive capital management.
Bitmine's $482M Cash Pile Nears Cost to Reach 5% Ether Goal
Bitmine's cash and marketable securities of $482 million nearly equal the $482.2 million needed to bridge its Ether holdings to 5% of supply, posing a key capital allocation decision.
Bitmine Soars 11.5% as Ether Rally Narrows Asset Discount
Bitmine Technologies (BMNR) surged 11.5% Tuesday as ether rallied 5.5%, reducing the gap between its market cap and crypto holdings to 15%.
Bitmine Faces $1B Ether Valuation Hit as Crypto Buffer Narrows
Bitmine's ether holdings lost $1.01B in value as ETH fell to $1,624.95, cutting the per-share backing buffer to $2.13. Staking revenue and index inclusion offer support, but risks remain.
Bitmine Stock Rises 2% as $2.6B Asset Gap Raises Questions
Bitmine (NYSE:BMNR) shares rose 2% to $14.98, yet the market cap of $8.53 billion trails its $11.1 billion in assets by $2.6 billion, signaling a potential discount.
Bitmine Stock Soars After $76M Ethereum Acquisition
Bitmine Immersion Technologies shares surged 8.7% after announcing a $76 million Ethereum acquisition and total assets of $11.1 billion.
Bitmine Stock Trades at Discount to Crypto Holdings After Index Inclusion
Bitmine's stock closed at $14.36, well below the estimated $17.70 per-share value of its crypto and cash holdings, as the company joins the Russell 1000. The discount persists despite a large ETH stake.
Bitmine Stock Trails Crypto Holdings After Russell 1000 Entry
Bitmine (BMNR) shares ended the holiday-shortened week at $14.36, up 1.48%, but still trade at a discount to the company's $9.8 billion in crypto and other assets.
Bitmine's Ether Holdings Surpass Market Cap as Independence Day Halts Trading
Bitmine's gross holdings of Ether, Bitcoin, and cash total about $10.08 billion, exceeding its $8.18 billion market cap. Trading resumes Monday after the Independence Day holiday.
BitMine Stock Trades at Discount to Crypto Holdings as ETH Dominates Treasury
BitMine shares ended Thursday at $14.36, up 1.5%, but still trade at roughly 83 cents per dollar of reported crypto and cash holdings as Ethereum's value climbs.
Bitmine Trades Below Asset Value Despite Russell 1000 Inclusion
Bitmine (BMNR) trades at a 36% discount to its $9.8 billion asset base after Russell 1000 inclusion. Market cap is $6.27 billion.
BitMine Stock Discount Widens as Crypto Drop Tests Index Inclusion Impact
BitMine stock closed Friday at $13.56, 21% below its reported holdings value, as ether's drop and Russell 3000 inclusion pressure the discount.
Bitmine Stock Slides as Ether Decline Slashes Crypto Holdings Value
Bitmine (BMNR) shares fell 4.4% to $13.40 as ether's decline reduced its ETH holdings by $921M, trading 19% below adjusted asset value.