Bitmine Secures 81% Shareholder Approval, Plans MAVAN Launch in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Shareholder Voting Support: At the January 15, 2026, shareholder meeting, Bitmine secured 81% approval for increasing authorized shares, reflecting strong shareholder confidence in the company's ETH accumulation strategy.
- ETH Staking Volume Growth: As of January 19, 2026, Bitmine has staked 1,838,003 ETH, valued at approximately $5.8 billion, marking an increase of 581,920 ETH over the past week, further solidifying its leading position in the global ETH staking market.
- Major Investment Announcement: On January 15, 2026, Bitmine announced a $200 million investment in Beast Industries, which is expected to enhance its influence in the content creation space and leverage MrBeast's extensive audience for long-term growth.
- Liquidity and Market Performance: Bitmine's total crypto assets reached $14.5 billion, with an average daily trading volume of $1.5 billion, making it the 60th most traded stock in the U.S., showcasing strong liquidity and investor confidence in the crypto market.
Analyst Views on BMNR
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
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 31.160
Low
39.00
Averages
43.00
High
47.00
Current: 31.160
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. The Company’s business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support.
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.
