Why Bitmine Immersion Technologies Stock Collapsed This Week
Shares of Bitmine Immersion Technologies (NYSEMKT: BMNR) have fallen around 20% this week, according to data from S&P Global Market Intelligence. The newly formed cryptocurrency treasury operation focused on Ethereum has fallen alongside a crash in the aforementioned crypto's price this week. In the last month alone, Ether's price has fallen 36%, which is leading to huge unrealized losses on its crypto investment. Despite this, Bitmine continues to buy more Ether for its portfolio. Does that mean you sho ...