BMNR
BitMine Immersion Technologies, Inc.
September 18, 2026 · pre-market open
- Rarity
- 1.17
- Peak move
- +10.18%
- Float cap
- $5.4B
BitMine Immersion Technologies is a U.S.-based digital asset technology company that acquires, holds, and actively manages ETH as a primary treasury reserve asset. It provides investors indirect exposure to ETH through its corporate treasury and also offers digital-asset ecosystem services, including consulting, advisory, equipment leasing, and hosting/managed services for institutional customers. The company is focused on disciplined digital-asset treasury management while winding down proprietary self-mining.
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What we found
12 events · 0 from SEC or newswire · 0 timed with the moveanalyst_ratingB. Riley raised its BitMine Immersion Technologies price target to $30 from $25 maintaining Buy, and Cantor Fitzgerald more than doubled its target to $63.60 from $30.60 with an Overweight rating, arguing the crypto drawdown bottoms by late 2026.
peer_disclosureSharpLink Gaming, the second-largest corporate Ethereum holder, was reported to hold 867,798 ETH and to stake nearly all of its holdings, as of Sept 18, 2026.
peer_disclosureEightco Holdings (NASDAQ: ORBS), backed by BitMine, disclosed total assets of roughly $380 million, including a $90 million indirect stake in OpenAI, an $18 million position in Beast Industries, 16,278 ETH, about $120 million in cash and stablecoins, and more than 301 million Worldcoin tokens.
- Key event
regulatory_actionThe SEC granted a conditional five-year 'Innovation Exemption' allowing qualifying Tokenized Securities Venues to trade tokenized US NMS stocks through permissioned AMM liquidity pools free of 'exchange' and 'dealer' registration, with synthetic tokens excluded and issuers given a 30-day veto, as Chairman Paul Atkins cited the failed CLARITY Act vote.
macro_dataThe Federal Open Market Committee raised its benchmark rate by 25 basis points on Sept 16, 2026 to a 3.75%-4.00% target range, its first increase since 2023, with Chair Kevin Warsh citing persistent inflation.
- Key event
policy_changeThe U.S. Senate rejected a cloture motion on the CLARITY Act by a 49-50 vote, short of the 60 votes needed, denying the crypto industry a federal market-structure framework that would divide SEC and CFTC jurisdiction over digital assets.
- Key event
crypto_moveEther dipped to an intraday low of about $2,372-$2,388 before recovering above $2,400 to trade at $2,445 on Sept 17-18, 2026, while US spot Bitcoin and Ether ETFs shed a combined $520 million on Sept 16, with BlackRock's ETHA losing $110 million, followed by $39.24 million of net outflows from spot Ether ETFs on Sept 17.
peer_disclosureStrategy (MicroStrategy) did not buy Bitcoin for the second consecutive week as of Sept 17, 2026, diverging from BitMine's continuing weekly Ethereum purchases as BitMine's reserve reached about 5.96 million ETH.
executive_remarkBitMine Chairman Tom Lee said on Sept 17 that most investors focus on a project's current business rather than the growth potential of new technology and therefore underestimate its development prospects.
executive_remarkBitMine Chairman Tom Lee said the ETH/BTC ratio broke above its COVID-era trendline and cited the CLARITY Act vote and returning Korean crypto buyers as upcoming catalysts, per a Sept 14, 2026 company statement.
index_rebalanceBitMine Immersion Technologies was added to the Russell 1000 large-cap index on June 26, 2026, a change cited in the company's September 2026 disclosures as driving average daily volume above 38 million shares.
operating_metricsBitMine Immersion Technologies disclosed that as of Sept 13-14, 2026 it held 5,956,378 ETH (about 4.9% of the 122.0 million ETH supply) after buying 27,180 ETH in the prior week, roughly 98% of its 'Alchemy of 5%' target, with about 5,067,309 ETH staked via MAVAN and total crypto, cash and securities of about $15.8 billion.