Jim Cramer on Bitmine Immersion: “We Don’t Play That Game”

Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is one of the stocks that Jim Cramer spoke about. During the lightning round, a caller inquired about the company, and Cramer stated:

“Alright, listen to me, sunshine, we don’t play that game. If you want to own that kind of stuff, just go buy some Bitcoin. Go, buy some Ethereum. I own them both. They’re fine.”

Jim Cramer on Bitmine Immersion: "We Don’t Play That Game"

Photo by bitcoin executium on Unsplash

Bitmine Immersion (NYSE:BMNR) provides blockchain infrastructure services, including hosting and self-mining of digital assets like Bitcoin. Moreover, the company sells mining equipment and offers data center solutions with thermodynamic management and custom software. The company stock is up nearly 310% at the time of writing, since it started trading on the NYSE American.

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.

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