Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
BitMine Immersion Technologies ( (BMNR) ) has provided an update.
On January 22, 2026, Bitmine Immersion Technologies, Inc. entered into a Separation Agreement and General Release with its president, Erik Nelson, formally setting the terms of his departure from the company. Nelson’s employment, originally governed by a September 1, 2025 agreement, was terminated without cause on the same date, following review and approval of the agreement and benefits package by the board and its compensation committee, and the company stated that the termination did not stem from any disagreement over operations, policies, or practices. Under the agreement, Nelson is entitled to a $20,000 lump-sum notice payment and a $585,000 lump-sum severance payment in exchange for his adherence to the separation terms, marking a leadership transition that the board acknowledged with public thanks for his service.
The most recent analyst rating on (BMNR) stock is a Buy with a $39.00 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
Average Trading Volume: 44,993,531
Technical Sentiment Signal: Sell
Current Market Cap: $12.65B
For an in-depth examination of BMNR stock, go to TipRanks’ Overview page.