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Benzinga

Business

Henry Khederian

Bitmine Immersion Technologies (BMNR) Stock Is Getting Hammered: What's Going On?

BitMine BitMine Immersion BMNR Ethereum SP Bitcoin

The Bitmine Immersion Trade

Bitmine Immersion Technologies Inc (AMEX:BMNR) shares traded lower Thursday afternoon, giving back the week’s earlier gains. This was happening while there was a drop in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The downturn also came despite a flurry of positive news that sent the stock soaring on Monday.

BMNR is feeling the pressure from bearish momentum. Check the market position here.

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