On September 11, BitMine Immersion Technologies Inc. rose 5.83% in regular trading, reaching $25.69/share with turnover of approximately $222 million. The stock rebounded sharply after crypto concept stocks suffered a broad sell-off the prior session, when MARA fell over 5%, CleanSpark dropped over 4%, and BMNR declined alongside peers including Strategy, Circle, and Coinbase.

The recovery aligns with a broader crypto sector bounce, with peer Strategy gaining 3.38% in the same session. Supporting the positive momentum, B. Riley recently raised its price target on BMNR to $30 from $25 while maintaining a Buy rating. Meanwhile, the company continues to execute its ETH treasury strategy aggressively, having accumulated approximately 5.85 million ETH — representing roughly 4.8% of total ETH supply — with about 87% staked for an estimated annualized staking revenue of approximately $330 million. Tom Lee also noted that BitMine is approaching its stated goal of holding 5% of circulating ETH supply.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)