Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is among the Growth Stock Portfolio: 12 Stock Picks By Cathie Wood.   Cantor Fitzgerald Analyst Initiates Coverage on Bitmine Immersion Technologies, Inc. (BMNR) Brett Knoblauch, an analyst at Cantor Fitzgerald, began covering Bitmine Immersion Technologies, Inc. (NYSE:BMNR) on January 5, 2026, as reported by TheFly. It holds an Overweight rating and a $39 price goal on the stock. The company identified the corporation as one of the biggest fundraisers in ...

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start 2026, consider joining Out Fox The Street .Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential ...

BitMine Immersion Technologies (NYSE AMERICAN: BMNR) acquired 40,302 ETH last week, marking its biggest Ethereum purchase in 2026 as the company accelerates toward owning 5% of total supply. The firm now holds 4,243,338 ETH, valued at $12.05 billion, representing 3.52% of Ethereum’s 120.7 million token supply, according to its January 26 announcement, and it’s confirmed by Coingecko data. BitMine remains the world’s largest corporate Ethereum treasury, a position it has held while executing an aggressiv ...

Core Insights - BitMine Immersion Technologies has established one of the largest concentrated positions in Ethereum, holding 4,243,338 ether, which is approximately 3.52% of Ethereum's total circulating supply [1][2] - The value of BitMine's Ethereum position is around $12 billion, making it the largest Ethereum treasury globally and the second-largest crypto treasury overall [2][5] - The company has been actively accumulating Ethereum, with significant purchases noted in December and a total of over 40,000 ETH added in the week ending January 26 [3][4] Accumulation Strategy - BitMine's strategy involves buying Ethereum during price dips, with a recent purchase of $110 million worth of ETH [4][5] - Despite a decline in Ethereum prices, the company continues to accumulate, reflecting a long-term commitment to its investment strategy [4][5] - The firm aims to acquire 5% of Ethereum's total supply, which would require approximately 6 million ETH based on current supply estimates [6] Financial Position - BitMine's total crypto, cash, and equity holdings amount to $12.8 billion, including 193 bitcoin and $682 million in cash [5] - The company's stock trades on the NYSE American under the ticker BMNR, with a recent price around $28.50 [6][7] - Closing the gap to reach the 5% Ethereum target would necessitate several billion dollars in additional capital at current market prices [7]

Core Insights - Bitmine has staked a total of 2,009,267 ETH, representing 3.52% of the total ETH supply, and aims to reach 5% within the next six months [1][2][8] - The company has a total asset value of $12.8 billion, which includes 4.243 million ETH tokens, $682 million in cash, and other crypto holdings [1][2] - Bitmine has made a significant investment of $200 million into Beast Industries, which is part of its strategy to diversify its holdings [3] Company Holdings - As of January 25, 2026, Bitmine's crypto holdings consist of 4,243,338 ETH valued at $2,839 per ETH, 193 Bitcoin, and stakes in Beast Industries and Eightco Holdings [2] - The total cash holdings amount to $682 million, contributing to the overall asset value of $12.8 billion [1][2] Staking and Future Plans - Bitmine's staked ETH has increased by 171,264 in the past week, with a current staking rate of 2.81% [8] - The company is developing the Made in America Validator Network (MAVAN), which is expected to launch in Q1 2026, aimed at providing secure staking infrastructure [9][14] Market Position - Bitmine is recognized as the largest ETH treasury globally and ranks as the second-largest treasury in the world, following Strategy Inc. [10] - The company is one of the most actively traded stocks in the US, with an average daily trading volume of $1.2 billion, ranking 91st among US-listed stocks [11] Industry Context - Recent discussions at the World Economic Forum in Davos highlighted the growing acceptance of digital assets and the convergence of traditional and digital finance [4][5] - Industry leaders, including Larry Fink of BlackRock and David Sacks from the White House, emphasized the importance of tokenization and the integration of banking and crypto [5][6]

Core Insights - BitMine Immersion Technologies (BMNR) has made a $200 million equity investment in Beast Industries as part of its expansion strategy focused on Ethereum [1][10] - The company has received shareholder approval to increase its authorized share count, providing flexibility for future funding and growth initiatives [2] - BMNR is transitioning from Bitcoin mining to building a significant Ethereum treasury, having raised $250 million in a PIPE private placement last year [4] Company Strategy - BitMine is capitalizing on the growth of stablecoins, which enhance the usability of digital assets and support broader blockchain adoption [3] - The company aims to accumulate 5% of Ethereum's total supply, currently holding 3.48%, which translates to approximately 4.203 million ETH valued at $14.5 billion [5][6] - Recent acquisitions, including 35,268 ETH, further strengthen BMNR's Ethereum position [7] Financial Performance - BMNR declared an annual dividend of $0.01 per share, marking it as the first large-cap crypto firm to do so, reflecting a shareholder-friendly approach [8][10] - Despite the strategic moves, BMNR's shares have declined by 25.7% over the past six months, underperforming compared to peers in the technology services industry [9][10] Market Position - The company's stock performance is closely tied to Ethereum's price, which has been volatile, contributing to BMNR's downward trend [13] - BMNR's shares are currently trading below their 50-day moving average, indicating a bearish market sentiment [14] - Valuation concerns persist, with BMNR receiving a Value Score of F, suggesting overvaluation compared to competitors [17] Future Outlook - The Wall Street consensus target price for BMNR is $48.67, indicating potential upside from current levels [19] - The company’s focus on expanding its Ethereum holdings and recent strategic investments position it for long-term growth, despite significant risks from market volatility and regulatory changes [22]

Core Insights - Bitmine has received overwhelming support from shareholders, with 81% voting in favor of increasing authorized shares, indicating confidence in the company's ETH accumulation strategy [8][9][10] - The total value of Bitmine's cryptocurrency holdings, cash reserves, and "moonshot" investments amounts to $14.5 billion, including 4,203,036 ETH valued at $3,211 each [4][5] - Bitmine's staking of ETH has reached 1,838,003, with a significant increase of 581,920 in the past week, and the company is on track to launch its MAVAN staking solution in Q1 2026 [12][13] Company Overview - Bitmine is recognized as the leading Ethereum Treasury company globally, focusing on long-term cryptocurrency investments and implementing innovative digital asset strategies for institutional investors [18] - The company has a notable backing from prominent institutional investors, including Cathie Wood of ARK and Bill Miller III, which supports its goal of acquiring 5% of ETH [3] - Bitmine's shares are among the most traded in the U.S., with an average trading volume of $1.5 billion per day, ranking it 59th among U.S. stocks [2][15] Investment Activities - Bitmine recently announced a $200 million investment in Beast Industries, which is expected to close soon and will initially be recorded at cost [6][7] - The company has acquired 35,268 ETH in the past week, reflecting a growing interest in Ethereum as a key asset for future investments [7] - Bitmine's ETH holdings represent 3.48% of the total ETH supply, positioning it as the largest Ethereum treasury globally [5][14]

Core Viewpoint - BitMine Immersion Technologies (BMNR) has made significant strategic moves, including a $200 million investment in Beast Industries, which positions the company at the intersection of digital assets and mainstream consumer engagement, particularly through the influence of MrBeast's brand [6][15][19]. Company Overview - Founded in 2019 and headquartered in Las Vegas, BitMine has evolved into a hybrid Bitcoin and Ethereum network company, focusing on digital asset exposure through mining operations, advisory services, and strategic capital raising [3]. - The company is currently valued at approximately $12.85 billion and operates across various verticals, including traditional Bitcoin mining and crypto consulting [3]. Financial Performance - BitMine's fiscal 2025 earnings reported revenue of $6.1 million, an 84% year-over-year increase, with a net income of $328.2 million and an EPS of $13.39 [10]. - The company's balance sheet shows crypto and cash holdings swelling to roughly $11.8 billion, solidifying its position in the digital asset space [10]. Strategic Moves - The company has committed $200 million to Beast Industries, which is expected to enhance BitMine's presence in mainstream digital commerce and leverage its Ethereum treasury for financial services [15][19]. - BitMine is also preparing to launch its Made-in-America Validator Network (MAVAN) in 2026, working with three staking partners to enhance its staking capabilities [13]. Market Position and Analyst Sentiment - Despite a recent decline of nearly 81% from its peak, there is a growing consensus among analysts that BitMine's strategic investments and strong financials could lead to significant upside potential [4][21]. - B. Riley has reiterated a "Buy" rating on BMNR with a price target of $47, indicating a potential upside of 50.8% based on the company's long-term strategy [18][20]. Investment Outlook - The average price target for BMNR is $48.67, suggesting an upside potential of 78% from current levels, with a Street high target of $60 indicating a potential 119.46% upside [22]. - The introduction of a dividend and share buyback program signals financial discipline, although execution remains critical for realizing the company's strategic goals [9][23].

Company Performance - Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) experienced a decline of 9.37 percent, closing at $28.24 per share, amid overall market pessimism due to renewed tensions between the US and the European Union [1] - The company raised its Ethereum holdings to 4.2 million tokens after acquiring 35,268 tokens last week [3] - Bitmine Immersion invested $200 million in Beast Industries, a company owned by vlogger MrBeast, positioning itself as a significant player in the creator-led platform space [5] Market Context - President Donald Trump threatened to impose 10 percent tariffs on goods from eight countries, which could escalate to 25 percent if no deal is reached by June 1 [2] - The European Union announced plans to retaliate with $108 billion in levies on American goods, contributing to market uncertainties [2] - The uncertainties led to a wait-and-see approach among investors, impacting global markets [3] Industry Insights - The price ratio of Ethereum to Bitcoin (ETHBTC) has been steadily increasing since mid-October, indicating investor recognition of Ethereum's potential in tokenization and other use cases being developed by Wall Street [4]

Core Viewpoint - BitMine Immersion Technologies has received strong shareholder approval to increase its authorized share count, which supports its strategy to accumulate Ethereum and establish itself as a leading public ETH treasury despite recent share price dilution [1][2]. Shareholder Approval - Shareholders voted in favor of all four proposals during the January 15 annual meeting, with the proposal to increase the authorized share count receiving 81% of the votes cast and 52.2% of total outstanding shares, indicating broad support for the company's equity-funded Ethereum treasury strategy [2]. Company Strategy - The company plans to utilize the increased share authorization to further its "alchemy of 5%" initiative, aiming to acquire 5% of the total Ethereum supply. Currently, BitMine holds 4,203,036 ETH, which is approximately 3.48% of the 120.7 million ETH in circulation, nearing its target in about six months [4]. Investment Activities - BitMine has also announced a $200 million investment in Beast Industries, associated with Jimmy "MrBeast" Donaldson, which was signed on January 15 and is expected to close shortly [5]. Stock Performance - Following the shareholder announcement on January 20, BMNR shares fell 8% to close at $28.35, with trading volume at 26,490,000 shares, below the average of 44.9 million. The stock has experienced significant volatility over the past year, ranging from $3.20 to $161 [6]. Market Position - Despite the recent decline, BitMine remains one of the top 60 most traded US stocks by dollar volume, with recent five-day averages between $1.3 billion and $1.5 billion. It is the largest ETH holder among public companies and the second-largest global crypto treasury, following MicroStrategy [7]. Staking Information - BitMine reports having 1,838,003 ETH staked, valued at approximately $5.9 billion at a reference price of $3,211 per ETH, positioning it among the entities with the highest funds in staking worldwide [8].