BMNR BitMine Immersion Technologies, Inc.
BitMine Immersion Technologies, Inc. (BMNR) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Broken out above, falling on both timeframes
Price has closed above the channel. The fitted trend may no longer describe this stock.
Read from the last 12 months of history we hold: falling, drifting −69% a year. Price is above both fitted ceilings, so there is no line overhead to break — and no fitted resistance to price the target against either. What would overturn this: a close below US$10.12 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 12 months read from
- US$10.11 – US$13.79 Falling channel, −69% a year
- Position in that channel
- 344% above the ceiling of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -90% from US$136.303 July 2025 → 30 June 2026
- Whose problem it was
- This company2 of 6 Finance Services peers fell with it
- Does it resolve?
- Permanent the record is against a recovery from here
- Regained so far
- 7%of what it lost
- What the record says
- 17% of 4 comparable falls came back, typically in 400 days measured on its own peer group
The trend broke in July 2025: price fell 90% from 136.30 to 13.31 by June 2026, and has regained 7% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “BitMine Announces $250M Private Placement Of 55.56M Shares Of Common Stock At $4.50/Share To Launch Ethereum Treasury Strategy; Tom Lee Named Chairman”. The evidence is against a recovery: falls of about 90% here have come back to the old high 17% of the time (4 comparable falls), typically in 400 days. Nothing is priced off the old high while that is the case.
Reported at the time: BitMine Announces $250M Private Placement Of 55.56M Shares Of Common Stock At $4.50/Share To Launch Ethereum Treasury Strategy; Tom Lee Named Chairman — 30 June 2025
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because the entry we trade has not come up here often enough to have a record. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$9.64
level as at 17 Sept 2026
Our target
US$10.11
by 16 Dec 2026
Projected move
4.8%
gross, before costs
Price is at or through our target.
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 50%
- Fitted
- 16 Sept 2026
Company information
Fundamentals are not available for this instrument from the current data provider.
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.