Cantor Fitzgerald Initiates Bitmine Immersion (BMNR) with $39 PT on Scale of Ethereum Treasury

Group 1 - Bitmine Immersion Technologies Inc. (BMNR) is gaining attention from hedge funds, with Cantor Fitzgerald initiating coverage with an Overweight rating and a price target of $39, citing the company's significant scale in digital asset treasuries as a competitive advantage [1] - The company reported a net income of $328.2 million in FQ4 2025, resulting in a fully diluted EPS of $13.39, and is recognized as the world's largest Ethereum treasury, focusing on long-term crypto accumulation and infrastructure development [2] - A key aspect of Bitmine's 2026 strategy is the launch of the Made-in-America Validator Network (MAVAN), aimed at providing high-yield staking for ETH assets, with a pilot program already initiated with three top staking providers [3] Group 2 - Bitmine Immersion operates primarily in the blockchain technology sector in the US, and while it shows potential as an investment, there are opinions suggesting that certain AI stocks may offer greater upside potential with less downside risk [4]