Bitmine Immersion Technologies, Inc. (BMNR) shares climbed in premarket trading on February 25, 2026. The stock movement followed a recovery in the price of Ethereum (ETH), which serves as a core holding for the company.
Ethereum rose approximately 5.5% over a 24-hour period. This rebound follows a February 23 report from B. Riley, which maintained a Buy rating on BMNR.
The firm lowered its price target for the stock to $30 from $47. Analysts adjusted the valuation to reflect a market environment where digital asset values closely track underlying cryptocurrencies.