Bitmine Immersion Technologies stock jumps after 71,179 ether buy, Pier Two deal
Bitmine Immersion Technologies shares rose 8% Tuesday after it disclosed buying 71,179 ether last week, raising its holdings to 4.73 million tokens. The company said 66% of its ether is already staked, generating $177 million in annualized staking revenue. Bitmine also completed the acquisition of Australian staking firm Pier Two. Ether traded at $2,103.20, above Bitmine’s last reported valuation.