Jim Cramer Says “We Gotta Be Careful” With Bitmine Immersion Technologies (BMNR)

We recently published 14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks. Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is one of the stocks Jim Cramer recently discussed.

Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is a Bitcoin mining company that also provides Bitcoin mining services. The firm found itself in the middle of media coverage on Monday after it announced that it held 2.4 million worth of Ethereum. Cramer has previously discussed Bitmine Immersion Technologies, Inc. (NYSE:BMNR) as well. In an August 14th appearance on Mad Money, he commented that “you don’t want to touch it.” The comments followed Cramer’s remarks in July, where he advised a caller to buy Bitcoin or Ethereum instead. This time, Cramer discussed Bitmine Immersion Technologies, Inc. (NYSE:BMNR)’s latest announcement:

“Well this is one of those things, you know, look, in the old days we would have said that this is something . . .that we gotta be careful of. Because, it reminds me of the Churchill, the Churchill IV, what was the one that, I remember David said listen, this one’s a little too high, and that was the end. It was the end. David killed Lucid. Killed it.”

Here are the CNBC TV host’s comments about Bitmine Immersion Technologies, Inc. (NYSE:BMNR) that he made in July:

“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.”

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