Why BitMine Immersion (BMNR) stock is sliding today: president exit terms and a drop in ether
BitMine Immersion Technologies shares fell 6.3% to $25.02 Friday, deepening losses after President Erik Nelson was terminated with a $605,000 separation package. The company’s stock tracked ether, which slid 3.8% Thursday, as BitMine holds over 4.2 million ether. No successor was named. Trading volume topped 34 million shares.