BMNR — BitMine Immersion Technologies, Inc. Common Stock
Session close: $19.24. Regular-session share volume: 25,809,105. Change from previous close: +6.42%.
Key developments
BitMine disclosed losses exceeding six billion dollars in its most recent fiscal year, driven almost entirely by mark-to-market impairments on its Ethereum treasury, while stating it intends to maintain its weekly Ethereum buying strategy. The company noted Ethereum price swings will keep causing volatility in reported results.
Company mentioned — Mentions BMNR in the article text. Bitmine Reports Over $6 Billion in Unrealized Losses on Ethereum Holdings
Crypto-related stocks, including BitMine, fell as leading cryptocurrencies dropped amid hotter inflation data and rising rate-hike odds. Options activity showed a bullish call sweep in BitMine shares.
Market context — Mentions BMNR in the article text. Bitcoin, Ethereum, XRP, Dogecoin Drop as Investors Weigh Rate Hike Odds: Analyst Explains Why ‘Horrific’ BTC Chart Is Routine in a Bull Market · Market context — Mentions BMNR in the article text. 10 Information Technology Stocks Whale Activity In Today’s Session