B. Riley Forecasts BitMine Immersion Technologies FY2025 Earnings

Key Points

• B. Riley has projected that BitMine Immersion Technologies will report fiscal year 2025 earnings of ($0.50) per share, with a "Buy" rating and a target price of $90.00 on the stock.
• The stock has seen upgrades, with ThinkEquity moving it to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy".
• BitMine Immersion Technologies has been actively attracting institutional investment, with substantial purchases from several hedge funds during the 3rd quarter of this year.

BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Free Report) - Equities researchers at B. Riley issued their FY2025 earnings per share estimates for shares of BitMine Immersion Technologies in a research report issued on Wednesday, October 15th. B. Riley analyst F. Shabalin forecasts that the company will earn ($0.50) per share for the year. B. Riley currently has a "Buy" rating and a $90.00 target price on the stock. B. Riley also issued estimates for BitMine Immersion Technologies' Q4 2025 earnings at ($0.10) EPS and FY2026 earnings at $0.00 EPS.

Separately, ThinkEquity upgraded BitMine Immersion Technologies to a "strong-buy" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy" and a consensus price target of $90.00.

BitMine Immersion Technologies Trading Down 2.4%

NYSEAMERICAN BMNR opened at $49.85 on Monday. The stock has a market cap of $13.93 billion and a PE ratio of -113.29. BitMine Immersion Technologies has a twelve month low of $1.93 and a twelve month high of $161.00. The business's fifty day simple moving average is $52.48.

Hedge Funds Weigh In On BitMine Immersion Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strong Tower Advisory Services purchased a new position in BitMine Immersion Technologies during the 3rd quarter valued at about $14,354,000. Halter Ferguson Financial Inc. purchased a new position in BitMine Immersion Technologies during the 3rd quarter valued at about $11,318,000. Oriental Harbor Investment Master Fund purchased a new position in BitMine Immersion Technologies during the 3rd quarter valued at about $9,652,000. Sassicaia Capital Advisers LLC acquired a new stake in BitMine Immersion Technologies in the 2nd quarter valued at about $1,570,000. Finally, Voya Investment Management LLC acquired a new stake in BitMine Immersion Technologies in the 3rd quarter valued at about $2,327,000.

BitMine Immersion Technologies Company Profile

BitMine Immersion Technologies Inc focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc is based in ATLANTA, GA.

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