Movement Alert｜BitMine Immersion Technologies Inc. Rises 5.44% in Regular Trading, B. Riley Raises Price Target to $30

Market Focus09-03 21:59

On September 3, BitMine Immersion Technologies Inc. rose 5.44% in regular trading, trading at $24.31 per share, with turnover of approximately $218 million. The rally was primarily driven by B. Riley raising its price target on the stock to $30 from $25 while maintaining a Buy rating.

In addition to the analyst upgrade, the company's ETH treasury strategy continues to gain momentum. As of August 23, BitMine held approximately 5.848 million ETH, representing roughly 4.8% of total ETH supply and closing in on the company's stated goal of holding 5% of circulating supply. Approximately 87% of BitMine's ETH holdings have been staked, generating an estimated annualized staking revenue of around $330 million. The company's total crypto assets, cash, and marketable securities stand at approximately $14.9 billion.

The broader crypto concept stock sector also rallied on the same day, with Circle surging over 9% and Strategy climbing more than 7%, reflecting strong sector-wide momentum that further supported BitMine's advance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 5.44% in Regular Trading, B. Riley Raises Price Target to $30\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-09-03 21:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On September 3, BitMine Immersion Technologies Inc. rose 5.44% in regular trading, trading at $24.31 per share, with turnover of approximately $218 million. The rally was primarily driven by B. Riley raising its price target on the stock to $30 from $25 while maintaining a Buy rating.</p><p>In addition to the analyst upgrade, the company's ETH treasury strategy continues to gain momentum. 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