BMNR Bitmine Immersion Technologies, Inc.

bearish · high conviction track record → $19.27 +0.02 (+0.1%)
Mkt Cap $11B 52wk $3.92 - $161.00 2h ago
Factor divergence: DIVERGENCE: insider_activity bullish vs price_momentum bearish
Factor Model (net -0.1)

Factor Model

net -0.1 1.0 / 10
Est. Revisions
+0.0
Insider Activity
+0.5
Momentum
-0.5
Analyst Rev.
+0.0
Narrative Gap
+0.0

BitMine Shares Near Critical Support Amid Ethereum Weakness

Watch: Monitor Ethereum price trends and ETF flows, as further declines could push BitMine below critical support levels.

BitMine Immersion Technologies stock fell to $19.27, close to key support at $18.30, reflecting a tough month with Ethereum prices down 18% to $2,023. Spot Ethereum ETFs saw $540 million in outflows in May, and DeFi locked value on Ethereum dropped to $42 billion from $88 billion last year. BitMine reported a $3.8 billion unrealized net loss, contributing to a bearish perspective amid ongoing sector weakness.

Ethereum's sharp decline and ETF outflows pressure BitMine’s valuation and stock price, signaling heightened risk and vulnerability to crypto market fluctuations.

Evidence

Updated Saturday Tom Lee's BitMine Stock At Risk As Ethereum ETF Outflows Jump, Network Stats Fall benzinga
5d ago BitMine Purchases 60,000 Ethereum As Price Languishes yahoo-finance
6d ago Staking Now Drives 60% of Revenue at Ethereum Treasury Firms yahoo-finance
7d ago BitMine Considered For Russell 1000 Inclusion yahoo-finance
14d ago Bitmine Returns To Aggressive Ethereum Buys As Price Dips yahoo-finance
21d ago Bitmine Slows Ethereum Acquisitions To 26,659 ETH: Is Tom Lee Signaling The Top? benzinga
26d ago BitMine Reports 5.18 Million ETH Holdings as Staking Revenue Reaches $297 Million yahoo-finance
34d ago Short interest dropped 25% to 27,421,901 shares
7 older signals
36d ago BitMine To Purchase 10,000 ETH From Ethereum Foundation
38d ago BitMine Stakes $142 Million Worth Of Ethereum
40d ago Insider buy by LOVE LORI (BMNR): $15,446
41d ago BitMine (BMNR) Now Owns 4% of All Ethereum and Is Closing In on 5%
43d ago Why BitMine’s Tom Lee Sees Ethereum at $62,500 in 2030 — and What the Numbers Actually Show
45d ago Wall Street legend's firm reports $3.8 billion in quarterly loss
48d ago Insider buy by LEE THOMAS JONG (BMNR): $198,000
Fundamentals & Data ▾
Bitmine Immersion Technologies, Inc. Financial Services · Capital Markets
Mkt Cap
$11B
Beta
1.69
Div Yield
5.00%
52w Range
$3.92 - $161.00
Short Interest
26.3M 4.63%
Days to Cover
0.7 -4%
Technicals downtrend
vs 20d MA
-7.0%
from 52w Hi
-17.3%
Vol (20d)
59%
1w return
-1.7%
1m return
-6.7%
Vol ratio
0.9x
Insiders
buying 3B / 0S
EPS Estimate
$0.18 0up / 0dn
Est. Dispersion
0% 1 analysts
Analyst Target
$37 $33 - $40
Options P/C
0.81
Financials
Revenue
$11M +628% YoY
FCF
$-88M
Gross Margin
87%
Op Margin
-34980%
Momentum: accelerating
15 signals · latest Updated Saturday

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