Sovran Advisors LLC Increases Position in BitMine Immersion Technologies, Inc. $BMNR

Posted by Brian Himes on Jul 12th, 2026

Sovran Advisors LLC lifted its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR – Free Report) by 26.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 252,630 shares of the company’s stock after buying an additional 53,608 shares during the period. Sovran Advisors LLC’s holdings in BitMine Immersion Technologies were worth $5,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMNR. Morgan Stanley lifted its stake in shares of BitMine Immersion Technologies by 25.8% during the 4th quarter. Morgan Stanley now owns 12,197,071 shares of the company’s stock worth $331,151,000 after purchasing an additional 2,500,368 shares during the period. Marex Group plc grew its position in shares of BitMine Immersion Technologies by 560.1% in the fourth quarter. Marex Group plc now owns 10,024,103 shares of the company’s stock valued at $272,154,000 after purchasing an additional 8,505,421 shares during the period. ARK Investment Management LLC grew its position in shares of BitMine Immersion Technologies by 26.6% in the fourth quarter. ARK Investment Management LLC now owns 9,457,330 shares of the company’s stock valued at $256,767,000 after purchasing an additional 1,987,517 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in BitMine Immersion Technologies by 29.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,916,195 shares of the company’s stock valued at $133,475,000 after purchasing an additional 1,131,556 shares during the last quarter. Finally, Amova Asset Management Americas Inc. increased its stake in BitMine Immersion Technologies by 29.9% in the fourth quarter. Amova Asset Management Americas Inc. now owns 4,911,524 shares of the company’s stock valued at $133,397,000 after purchasing an additional 1,129,706 shares during the last quarter.

BitMine Immersion Technologies Price Performance

NYSE BMNR traded up $0.36 during mid-day trading on Friday, hitting $15.05. The company’s stock had a trading volume of 28,629,524 shares, compared to its average volume of 35,388,136. The firm has a market capitalization of $8.57 billion and a P/E ratio of -115.78. BitMine Immersion Technologies, Inc. has a 52-week low of $12.80 and a 52-week high of $71.74. The stock’s fifty day simple moving average is $17.54 and its two-hundred day simple moving average is $21.50.

BitMine Immersion Technologies (NYSE:BMNR – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a positive return on equity of 5.59% and a negative net margin of 51,892.77%.The business had revenue of $11.04 million for the quarter. On average, equities analysts forecast that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Cantor Fitzgerald reduced their target price on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings initiated coverage on shares of BitMine Immersion Technologies in a report on Friday, April 17th. They set a “sell (d-)” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.15.

Get Our Latest Stock Analysis on BitMine Immersion Technologies

BitMine Immersion Technologies Company Profile

(Free Report)

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.