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Is Bitmine Immersion Technologies, Inc. (BMNR) A Good Stock To Buy Now?

Is BMNR a good stock to buy? We came across a bearish thesis on Bitmine Immersion Technologies, Inc. on Danny’s Substack by Danny Green. In this article, we will summarize the bears’ thesis on BMNR. Bitmine Immersion Technologies, Inc.'s share was trading at $22.53 as of April 20th. BMNR’s trailing P/E was 2.33 according to Yahoo Finance.

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. BMNR presents a fundamentally bearish investment case, where the core secular tailwind belongs to Ethereum rather than the...