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An announcement from BitMine Immersion Technologies ( (BMNR) ) is now available.
On July 25, 2025, BitMine Immersion Technologies‘ Board of Directors approved a $1 billion stock repurchase program to acquire outstanding common stock. The program allows for repurchases through various methods, including open market purchases and negotiated transactions, with Cantor Fitzgerald & Co. acting as a non-exclusive agent. This initiative is part of BitMine’s strategy to optimize capital returns, supported by its substantial crypto holdings and unencumbered cash, positioning the company for long-term growth and stability in the crypto industry.
The most recent analyst rating on (BMNR) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on BitMine Immersion Technologies stock, see the BMNR Stock Forecast page.
More about BitMine Immersion Technologies
BitMine Immersion Technologies is a Bitcoin and Ethereum Network Company focusing on the accumulation of crypto for long-term investment, acquired through Bitcoin mining operations or capital raising transactions. The company offers Bitcoin mining, synthetic Bitcoin mining, hashrate as a financial product, advisory and mining services, and general Bitcoin advisory to public companies. Its operations are located in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas.
Average Trading Volume: 11,045,833
Technical Sentiment Signal: Buy
Current Market Cap: $3.94B
Find detailed analytics on BMNR stock on TipRanks’ Stock Analysis page.