Bitmine Faces $13.4B Ether Position Into Monday After Weekend Drop
Bitmine Immersion Technologies shares fell 9.7% to $19.87 Friday, capping a 10.4% weekly drop, as Ether slid to $2,186, below the $2,366 price Bitmine used in its latest update. The company holds 5.21 million ETH, now worth about $11.4 billion, nearly $1 billion less than its May 10 valuation. Trading resumes Monday.