178,636 Shares in BitMine Immersion Technologies, Inc. $BMNR Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 178,636 shares of the company’s stock, valued at approximately $9,277,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. XTX Topco Ltd bought a new stake in BitMine Immersion Technologies during the second quarter worth approximately $374,000. Lauer Wealth LLC acquired a new stake in shares of BitMine Immersion Technologies during the 2nd quarter valued at $363,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of BitMine Immersion Technologies during the 2nd quarter worth $508,000. Sassicaia Capital Advisers LLC acquired a new position in shares of BitMine Immersion Technologies in the 2nd quarter worth $1,570,000. Finally, Marex Group plc acquired a new position in shares of BitMine Immersion Technologies in the 2nd quarter worth $465,000.

BitMine Immersion Technologies Stock Performance

Shares of NYSEAMERICAN BMNR opened at $17.40 on Friday. BitMine Immersion Technologies, Inc. has a one year low of $3.20 and a one year high of $161.00. The business has a 50-day moving average price of $30.20 and a two-hundred day moving average price of $40.70.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last posted its quarterly earnings results on Tuesday, January 13th. The company reported ($12.74) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a positive return on equity of 7.89% and a negative net margin of 67,546.19%.The company had revenue of $2.29 million during the quarter.

BitMine Immersion Technologies Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 8th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a dividend yield of 3.0%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BMNR. Zacks Research upgraded BitMine Immersion Technologies to a “hold” rating in a research report on Friday, October 17th. Cantor Fitzgerald began coverage on shares of BitMine Immersion Technologies in a research note on Monday, January 5th. They set an “overweight” rating and a $39.00 price objective for the company. Finally, B. Riley dropped their target price on shares of BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, BitMine Immersion Technologies presently has an average rating of “Buy” and an average target price of $43.00.

About BitMine Immersion Technologies

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.