BMNR Stock Climbs As Massive Ethereum Bet Draws Traders
BitMine Immersion Technologies (BMNR) stock rose 6.41% after disclosing it holds 5.74–5.77M ETH (about 4.8% of all ETH) and $11.1–$11.3B in combined assets. The company reported $46.5M quarterly revenue but an $83.6M net loss, with slightly positive free cash flow of $29M. BMNR projects $235–$284M in annualized staking revenue and was added to the Russell 1000.
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