Greenlane Holdings to Deploy 20 Million BERA Units on Berachain Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Digital Asset Strategy: Greenlane Holdings plans to deploy approximately 20 million units of BERA into two independent validators on the Berachain network, marking a significant step in executing its digital asset treasury strategy aimed at directly engaging with network infrastructure and enhancing market competitiveness.
- Participation Mechanism: Utilizing a Proof-of-Liquidity consensus mechanism, Greenlane's validator participation will contribute to network security while potentially earning variable rewards, thereby enhancing the company's asset management capabilities and laying the groundwork for future revenue growth.
- Executive Changes: Cipher Mining Inc. recently appointed Lee Bratcher as Head of Policy and Government Affairs and Drew Armstrong as Head of Strategic Initiatives, which will further strengthen the company's team and support its ongoing growth in the digital asset sector.
- Market Expansion: Coinbase Global has launched several new products, including stock trading and prediction markets, marking a significant advancement in its transformation into a comprehensive financial platform, which is expected to attract more users and increase market share.
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.
