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Bitmine Immersion (BMNR) Ends 4-Day Run After $365-Million Share Sale

We recently published 10 Stocks Lost This Big While Wall Street Celebrates. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the worst performers on Monday.

Bitmine Immersion snapped a four-day winning streak on Monday, shedding 10.10 percent to finish at $55.10 apiece as investors disposed of shares following plans to raise $365.24 million from the sale of new shares.

red into a securities purchase agreement with an institutional investor for the sale of more than 5.2 million common shares at a price of $70 apiece, alongside warrants to purchase up to 10.4 million shares at an exercise price of $87.50.

The $70 price alone represents a 14-percent premium over its closing price on September 19. Meanwhile, the warrants will be exercisable upon issuance and expire on March 22, 2027.

Investors turned on sour on the news as it would result in the dilution of existing shares.

“BitMine has raised $365.24 million by selling our stock at a 14 percent premium to Friday’s close. By selling shares at $70 per share…this is materially accretive to existing shareholders as the primary use of proceeds is to add to our ETH holdings,” said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR)  Chairman Thomas Lee.

“In our view, this 14 percent premium reflects not only strong institutional investor interest in the BitMine story, but also confidence in our execution as a Company,” he added.

“Institutional investors have told us BitMine remains the only large-cap US stock to give investors direct exposure to Ethereum. Our August Chairman’s message resonates with many investors, who see the compelling supercycle for Ethereum as Wall Street moves to embrace and build upon this blockchain.”

While we acknowledge the risk and potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BMNR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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