BitMine Immersion Technologies (NYSEAMERICAN:BMNR) Shares Down 9% After Analyst Downgrade

Posted by Jessica Moore on Nov 20th, 2025

BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR – Get Free Report)’s stock price traded down 9% during trading on Thursday after B. Riley lowered their price target on the stock from $90.00 to $47.00. B. Riley currently has a buy rating on the stock. BitMine Immersion Technologies traded as low as $26.75 and last traded at $26.5580. 28,955,186 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 22,243,225 shares. The stock had previously closed at $29.18.

Separately, Zacks Research raised BitMine Immersion Technologies to a “hold” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.00.

Get Our Latest Stock Analysis on BMNR

Hedge Funds Weigh In On BitMine Immersion Technologies

Several large investors have recently bought and sold shares of the stock. ARK Investment Management LLC purchased a new stake in shares of BitMine Immersion Technologies in the 3rd quarter valued at about $387,907,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of BitMine Immersion Technologies during the third quarter valued at $196,536,000. Amova Asset Management Americas Inc. purchased a new stake in BitMine Immersion Technologies during the 3rd quarter worth about $196,503,000. Vanguard Group Inc. acquired a new position in BitMine Immersion Technologies in the 3rd quarter valued at about $148,612,000. Finally, Pantera Capital Partners LP purchased a new position in BitMine Immersion Technologies in the 3rd quarter valued at about $122,036,000.