Stock Track | BitMine Immersion Technologies Soars 5.32% in Pre-Market as Ark Invest Buys $14M Worth of Shares

Stock Track12-18

BitMine Immersion Technologies Inc. (BMNR) saw its stock surge 5.32% in pre-market trading on Thursday, driven by significant institutional buying from Cathie Wood-led Ark Invest.

Ark Invest acquired a total of 478,125 shares of BitMine Immersion across its ARKF, ARKK, and ARKW ETFs, valued at approximately $14.01 million. This purchase reflects Ark's continued confidence in the cryptocurrency sector, despite recent market volatility. The stock had previously faced pressure due to a broader sell-off in the crypto market, particularly affecting Ethereum, which BitMine holds in significant quantities.

The pre-market surge suggests strong investor sentiment following Ark Invest's move, as traders anticipate further upside potential for BitMine Immersion Technologies.

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