Why Bitmine Immersion Technologies Stock Was Crushing it This Week

It's been a prosperous few days for the company's favorite asset.An operational update, combined with the Federal Reserve's (Fed) quarter-point rate cut, was helping drive Bitmine Immersion Technologies's (BMNR 5.76%) stock higher over the past few trading days. According to data compiled by S&P Global Market Intelligence, the shares were climbing 5% higher week-to-date in mid-session trading on Friday.A beneficial cutThe Fed's rate slice, announced following the wrap-up of its Federal Open Market Committee ...