<div id="readability-page-1"><p>Sovran Advisors LLC acquired a new stake in  BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 160,057 shares of the company's stock, valued at approximately $8,312,000. Sovran Advisors LLC owned about 0.06% of BitMine Immersion Technologies at the end of the most recent reporting period.</p><ul><li>Why BitMine’s Massive Discount Could Signal a Major Opportunity</li></ul><p>A number of other large investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of  BitMine Immersion Technologies in the second quarter valued at about $374,000.  Lauer Wealth LLC purchased a new stake in  BitMine Immersion Technologies in the 2nd quarter valued at approximately $363,000.  Skandinaviska Enskilda Banken AB publ acquired a new position in  BitMine Immersion Technologies during the 2nd quarter worth approximately $508,000.  Sassicaia Capital Advisers LLC acquired a new position in  BitMine Immersion Technologies during the 2nd quarter worth approximately $1,570,000.  Finally, Marex Group plc purchased a new position in shares of  BitMine Immersion Technologies during the 2nd quarter worth approximately $465,000. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research firms recently weighed in on BMNR. B. Riley decreased their price target on BitMine Immersion Technologies from $90.00 to $47.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, November 20th. Zacks Research raised shares of BitMine Immersion Technologies to a &#34;hold&#34; rating in a research note on Friday, October 17th. Finally, Cantor Fitzgerald started coverage on shares of BitMine Immersion Technologies in a report on Monday, January 5th. They issued an &#34;overweight&#34; rating and a $39.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, one  has given a Buy rating and one  has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of &#34;Buy&#34; and an average target price of $43.00.</p><ul><li>Ethereum Near All-Time High: 3 Stocks Stacking ETH in Treasuries</li></ul><p><b>Read Our Latest Analysis on BitMine Immersion Technologies</b></p><h2>BitMine Immersion Technologies Price Performance</h2><p>BitMine Immersion Technologies stock opened at $28.80 on Monday. BitMine Immersion Technologies, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $161.00. The stock's fifty day moving average is $31.13 and its two-hundred day moving average is $41.80. </p><ul><li>Bitcoin and Ethereum Surge: Here Are 5 Set to Ride the Wave</li></ul><p>BitMine Immersion Technologies (NYSEAMERICAN:BMNR - Get Free Report) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($12.74) earnings per share (EPS) for the quarter. The firm had revenue of $2.29 million for the quarter. BitMine Immersion Technologies had a positive return on equity of 7.89% and a negative net margin of 67,546.19%.</p><h2>BitMine Immersion Technologies Announces Dividend</h2><p>The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 8th were paid a dividend of $0.01 per share. This represents a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 8th. </p><h2>About BitMine Immersion Technologies</h2> (Free Report)<p>BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.  </p><p>BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.</p><h2>See Also</h2><ul><li>Five stocks we like better than BitMine Immersion Technologies</li><li>The biggest scam in the history of gold markets in unwinding</li><li>Buy This Stock at 9:30 AM on MONDAY!</li><li>What Expenses Can Be Deducted From Capital Gains Tax?</li><li>Trump Planning to Use Public Law 63-43: Prepare Now</li><li>This stock gets a 94 out of 100</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0VBTUVSSUNBTiZTeW1ib2w9Qk1OUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0VBTUVSSUNBTiZTeW1ib2w9Qk1OUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in BitMine Immersion Technologies Right Now?</h2><p>Before you consider BitMine Immersion Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitMine Immersion Technologies wasn't on the list.</p><p>While BitMine Immersion Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Sovran Advisors LLC has invested $8.31 million in BitMine Immersion Technologies, acquiring 160,057 shares during Q3. This investment represents about 0.06% ownership in the company. Other investors have also recently purchased shares. Analysts have mixed ratings on BitMine, with a current average rating of "Buy" and a target price of $43.00. The stock has seen significant price fluctuations, with a 52-week low of $3.20 and a high of $161.00. BitMine specializes in immersion cooling solutions for digital asset mining and HPC applications.</p>

- Sovran Advisors LLC acquired 160,057 shares of BitMine Immersion Technologies, valued at approximately $8,312,000, representing about 0.06% ownership as of the latest SEC filing.  
- Research firms have offered mixed ratings on BitMine, with B. Riley reducing its price target from $90.00 to $47.00 while Cantor Fitzgerald initiated coverage with an "overweight" rating and a $39.00 target.  
- BitMine reported a quarterly loss of ($12.74) EPS and revenue of $2.29 million, alongside a 3.0% dividend yield declared on December 29th.

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Sovran Advisors LLC Invests $8.31 Million in BitMine Immersion Technologies, Inc. $BMNR