BitMine Immersion Technologies (NYSE:BMNR) Stock Price Breaks Above 200 Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Nov 5th, 2026

BitMine Immersion Technologies, Inc. (NYSE:BMNR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $20.87 and traded as high as $22.38. BitMine Immersion Technologies shares last traded at $21.7430, with a volume of 36,091,818 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on BMNR. Wall Street Zen upgraded shares of BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research note on Tuesday, October 13th. B. Riley Financial lifted their price target on shares of BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of BitMine Immersion Technologies in a report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.80.

Check Out Our Latest Report on BMNR

BitMine Immersion Technologies Trading Up 5.9%

The stock has a market capitalization of $13.12 billion, a PE ratio of 434.86 and a beta of 1.80. The stock has a 50 day moving average price of $24.26 and a 200-day moving average price of $20.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Weiss Asset Management LP increased its position in shares of BitMine Immersion Technologies by 363.6% during the 1st quarter. Weiss Asset Management LP now owns 4,328,294 shares of the company’s stock valued at $85,614,000 after purchasing an additional 3,394,677 shares during the last quarter. Entropy Technologies LP bought a new position in shares of BitMine Immersion Technologies in the 1st quarter worth approximately $1,906,000. Corient Private Wealth LP lifted its stake in shares of BitMine Immersion Technologies by 89.5% in the 2nd quarter. Corient Private Wealth LP now owns 77,285 shares of the company’s stock worth $1,029,000 after purchasing an additional 36,495 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of BitMine Immersion Technologies in the first quarter worth approximately $4,275,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of BitMine Immersion Technologies by 612.7% in the first quarter. The Manufacturers Life Insurance Company now owns 132,063 shares of the company’s stock worth $2,612,000 after buying an additional 113,532 shares during the last quarter.

About BitMine Immersion Technologies

(Get Free Report)

BitMine Immersion Technologies, Inc is a digital asset technology company focused on cryptocurrency mining and digital asset treasury operations. The company has developed expertise in immersion-cooling systems designed to improve the efficiency and operating environment of high-performance computing equipment used in cryptocurrency mining.

In addition to its mining-related activities, BitMine has pursued a strategy centered on acquiring and holding digital assets, including Ethereum. Its business may also include cryptocurrency mining, data-center operations, and related infrastructure and services.