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BitMine Immersion Technologies ( (BMNR) ) has issued an update.
On January 2, 2026, Bitmine Immersion Technologies released a new chairman’s message urging shareholders to vote in favor of a charter amendment to expand the company’s authorized share count from 500 million to 50 billion ahead of the January 14 voting deadline and the January 15 annual meeting in Las Vegas. The company argues that the dramatic increase in authorized shares is necessary to support future capital markets activities, enable opportunistic deals such as mergers or acquisitions, and preserve flexibility to conduct stock splits if Bitmine’s share price appreciates significantly alongside Ethereum, which it has made its primary treasury asset; the move underlines Bitmine’s strategy of tying its equity story to Ethereum’s role in tokenization and the future of finance, and highlights continued backing from prominent institutional and individual investors as it pursues an ambitious goal of accumulating 5% of outstanding ETH.
The most recent analyst rating on (BMNR) stock is a Buy with a $47.00 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 focused on accumulating cryptocurrency for long-term investment, both through its own Bitcoin mining operations and via proceeds from capital-raising activities. Its business lines span traditional and synthetic Bitcoin mining, hashrate as a financial product, advisory and mining services for companies seeking Bitcoin-denominated revenues, and broader Bitcoin advisory to public companies, with operations located in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas.
Average Trading Volume: 44,530,929
Technical Sentiment Signal: Sell
Current Market Cap: $11.56B
For a thorough assessment of BMNR stock, go to TipRanks’ Stock Analysis page.