Bitmine Immersion Technologies Inc's stock is down 6.84% in pre-market trading, hitting a 5-day low amid a broader market decline with the Nasdaq-100 down 1.97% and the S&P 500 down 1.59%.
The company has announced a significant $200 million investment in Beast Industries, aiming to acquire 5% of Ethereum. This strategic collaboration is expected to enhance Bitmine's position in the digital asset market and attract institutional investors, particularly during its upcoming annual shareholder meeting on January 15, 2026, where it will detail its strategies and performance.
This investment reflects Bitmine's commitment to strengthening its competitive edge in the Ethereum ecosystem, especially as it plans to launch the MAVAN staking infrastructure in Q1 2026. The partnership with Beast Industries, known for its substantial influence in the digital content space, is anticipated to drive long-term growth and brand recognition.
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 43.00 USD with a low forecast of 39.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 43.00 USD with a low forecast of 39.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 27.800
Low
39.00
Averages
43.00
High
47.00
Current: 27.800
Low
39.00
Averages
43.00
High
47.00
Cantor Fitzgerald
Brett Knoblauch
Overweight
initiated
$39
2026-01-05
Reason
Cantor Fitzgerald
Brett Knoblauch
Price Target
$39
AI Analysis
2026-01-05
initiated
Overweight
Reason
Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Bitmine Immersion 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.
Cantor Fitzgerald
Brett Knoblauch
Overweight
initiated
$39
2026-01-05
Reason
Cantor Fitzgerald
Brett Knoblauch
Price Target
$39
2026-01-05
initiated
Overweight
Reason
Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Bitmine Immersion with an Overweight rating and $39 price target.
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B. Riley
B. Riley
Buy
downgrade
$90 -> $47
2025-11-20
Reason
B. Riley
B. Riley
Price Target
$90 -> $47
2025-11-20
downgrade
Buy
Reason
B. Riley lowered the firm's price target on Bitmine Immersion to $47 from $90 and keeps a Buy rating on the shares. Estimates for Digital Asset Treasury Companies have been revised down due to ongoing sector headwinds and weak pricing, with BTC, ETH, and SOL treasuries underperforming their underlying assets since mid-October, the analyst tells investors in a research note. Despite these cuts, valuation dislocations remain, and potential support could come from ROE-enhancing actions-such as buybacks, preferred issuance, or restaking-and stabilization in crypto markets, the firm says.
B. Riley
Fedor Shabalin
Buy
initiated
$90
2025-10-15
Reason
B. Riley
Fedor Shabalin
Price Target
$90
2025-10-15
initiated
Buy
Reason
B. Riley analyst Fedor Shabalin initiated coverage of Bitmine Immersion with a Buy rating and $90 price target.
About BMNR
Bitmine Immersion Technologies Inc. is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. The Company operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. It is engaged in self-mining bitcoin for its own account, as well as hosting third party equipment used in mining of digital asset coins and tokens, specifically bitcoin. It conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
