BitMine Immersion Technologies Inc (QX) (BMNR) News

Very good Friday. Wonder if the

advance continues or if there is profit taking.

thanks for the update
BMNR

With this upcoming RS, I am out.

Too bad. It was a nice run for awhile.

holding the few I nabbed at .14 pretty tight here
BMNR

Back in the ballgame.

The annual FINS put a screeching hault

to the buying. We will just have to wait for the Quarterly FINS, as those should be very good.

Someone just dumped a ton of shares.

The price went from 64 to 54. Seems to be making its way back. This was selling for less than .20 two weeks ago. Can understand someone taking profits.

Annual FINS are out.

Company spent too much $$ in 2023, causing an increase of loss per share. I suspect that this will change when 2024's numbers come out next December. They could even be pofitable in 2025.

Any long term potential now?

In researching this, it has been one heck of a maze of ups, downs, R/S, F/S, and disappointment. Appears to be a bright outlook now. Hoping that the eventual Longs and shorts do not play too many games.

one policy to have in mind is to
sell when you cannot stand to loose the gains.
I see an uptrend beginning here, there will be many large swings to the up and down
the long term potential has been good past tense.
BMNR

Volume Spike 12/11/2024

Trading volume exceeded the 10-day average of 61,600 by 335.77%.

Today, the price rose through the 200-Day

Moving Average of $0.58 on above average volume.

Today's volume has slowed

from the past week. Still above average. Problem is when do we take some profits? Maybe never. Let it ride as we could see dollars, or bank some green now?

the day I took .14s from ask here, another bid dumped .10s after.
but pretty good timing I would say..
BMNR

Looks like another good day here.

Going to hang in here and keep buying on the way up.

BMNR is showing strength. Its MACD is above the signal line and shares are presently 2.5% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.

A good summation is as follows:

- We are not profitable but the increases in annual losses have stopped.
- Our revenues are increasing.
- Company seems to be making good deals, including the recent Trinidad deal.
- They are increasing the number of miners.
- It is a great industry.
- Immersion cooling does work.
- This is a good turnaround play.

Our revenue is only $3M TTM.

We cannot be profitable, or even near profitable. Interesting play here. We caught this at the perfect time.

I can see that. It went to $100.

Now, it is $1. I could enjoy that type of run.

I was getting 2017 INTV vibes here
.06 ran to $6.70s on a $17,000 bitcoin
BMNR

Another good day today.

Wonder how long this will continue. Great volume, increasing profits, share buyback, am I missing something here?

Nothing but excellent news here today.

Crypto Miner (OTCQX:BMNR) Sees 413% Revenue Growth On Strong Bitcoin Mining OperationsBy: Tomas Ronolski - AllPennyStocks.com News
Monday, December 9, 2024

- Cryptocurrencies continue to mint new millionaires, individuals and businesses.

-The allure of the digital gold is high, and animal spirits are back in the market, setting up a strong backdrop for continued upside in the cryptocurrency space.

- Earlier today, Bitmine Immersion Technologies, Inc. a blockchain technology firm specializing in immersion-cooled bitcoin mining, announced annual results and achievements for the fiscal year ended August 31, 2024 along with other important corporate developments.

- Looking at the latest financials, the company reported a 413% year-over-year increase in total annual revenue, driven mainly by gains in self-mining.

- Bitmine's bitcoin self-mining operations achieved annualized revenue of $3.03M, indicating a 679% year-over-year increase in self-mining.

- In separate news, BMNR’s Board also approved the repurchase of up to $250,000 of the Company’s common stock through December 31, 2025.

Momentum for BMNR is strongly bullish.

The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.

Today's volume was heavier than usual,

trading 27,780 shares versus an average of 4,667 shares per day during the last twelve months. The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders.

Cannot believe I got filled at .279 today.

I assumed I would get filled at .395 or .40. Nice surprise. Going to buy more as the pps increases.

Nothing wrong with that.

Got in today. Let's see what this does now that we know all 3 locations are fully staffed and making money.

Moves on low volume

took a few here
I do like bitcoin miners..
BMNR

News Out -Bitmine Immersion Technologies (OTCQX:BMNR) CEO Issues Exciting Update. Outlines major milestones achieved and path to profitable 2024!


“I am proud to say that all three of our mining locations are electrified and running miners”

Read: https://bit.ly/47R3US6

Flavor of the month Company. Next it will change to an AI story.

I bet it does run a little today. No fun money in the OTC due to Bidenomics

I wouldn't stay long in this story today. Why I got an e-mail today is suspicious.
Master pump

massive buy, up we go

Big news this morning, BMNR gonna be a big boy.

BitMine Immersion Technologies, Inc. (OTC PINK:BMNR) ("BitMine," the "Company"), a technology company specializing in immersion technology for Bitcoin mining, announces the signing of a Letter of Intent to lease a property in West Texas that can accommodate up to 20 Megawatts of immersion datacenter equipment. The lease period will last up to 10 years, inclusive of several lease extension options. Fully deployed, the site can run almost 5,000 miners and produce hashing power of almost 600 Petahash of hashing power. A binding lease agreement is subject to due diligence which is expected to take 3-4 weeks, and the negotiation of a mutually acceptable lease agreement.

Get ready to dive into the world of #bitcoin mining with our newest interview featuring BitMine Immersion Technologies (OTC: BMNR) CEO Jonathan Bates.

Check out the press release for all the details: https://www.accesswire.com/viewarticle.aspx?id=745952

Sandy Springs Holdings Inc., SSHI, changed to BitMine Immersion Technologies Inc., BMNR:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

30k shares @1.46 on the bid

4.75!

$3

Ask hit for 3500 shares over the last 15 minutes... $3s are going to print shortly!

Roughly 2k on the ask, popped up later in the day. Hoping for it to get taken out in one scoop and then we start printing $3s...

$1.98 x $2.00 nice. keep it going!

Feels like it's going to rip any day now...

BID $1.72 x ASK $1.75 Looking better. Let's see $5.85 x $6.00

I won't be impressed until we hit around $8 per share lol.

Closing price of RESS was .062 on 4/26/21, so (.062 x 40000) / 200 = $12.40.

I'll take $8

Bid increasing every day, hungry for shares.... $1.50 x $1.60 now

SSHI Now pink current

Sweet , this could fly … depending how big Bitcoin mining they do …. I grabbed 1 k

Yes, Bitcoin Mining/Hosting

So this going be a Bitcoin stock ?

Ha! That didn't take long... .8699 ask just hit

The bid has been steadily creeping up over the past week, from .25ish to .58. Pretty soon we're gonna get fireworks and the ask is going to get hammered.

SSHI: BitMine Immersion Technologies Inc - Bitcoin Mining/Hosting

From the most recent 8k: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/sshi8kjuly272021.htm

"... business of creating a hosting center for Bitcoin mining computers primarily utilizing immersion cooling technology, as well mining the Bitcoin digital currency for its own account."

Company Directors:

Jonathan Bates is a former Managing Director at J.P. Morgan Securities, and with more than 25 years of financial industry experience, Jonathan has spent his career analyzing the interrelations of a vast number of different markets. His deep understanding of institutional trading environments and multi-asset portfolios is a critical resource to the operations he oversees. Mr Bates graduated from the University of Texas at Austin in 1992 with a degree in Business Finance.



Michael Maloney is the Chief Financial Officer of Coinmint. Mr. Maloney also serves as an Adjunct Professor at Fordham Law School teaching Bitcoin and Digital Asset Regulation. In 2017, Mr. Maloney helped co-found Galaxy Digital the first merchant bank to serve the blockchain space. Previously, Mr. Maloney was founding member of Ernst & Young’s (EY) Distributed Ledger Technology group.



Raymond Mow has over 28 years of financial industry experience, most recently as Managing Director of Fixed Income at First Foundation Advisers overseeing $2.3 billion. As a member of the investment policy committee, Raymond collaborated on asset allocation policy and portfolio construction. Previously, Mr. Mow was Senior Portfolio Manager at Highmark Capital Management, overseeing $2 billion.



Seth Bayles is a Corporate Attorney with over 15 years of experience practicing in the areas of entertainment, finance, technology, and commercial contracts. He has negotiated and drafted complex commercial agreements including multimedia, vendor, union, talent, channel, and technology-related agreements. He has his B.A. in Economics and History from Brandeis University, and a J.D. from the Emory University School of Law, and an L.L.M. from the Georgetown University Law Center.