Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Bitmine Immersion (BMNR) with an Overweight rating and $39 price target Scale is a key advantage in digital asset treasuries, and Bitmine Immersion stands out as one of the largest capital raisers, supporting exceptional stock liquidity and a powerful ETH accumulation flywheel, the analyst tells investors in a research note. The current setup offers an attractive risk/reward profile, the firm adds.
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