BMNR is trading at $17.99, up 3.4% in pre-market as cryptocurrency markets stabilize following Bitcoin's overnight recovery.
- Bitcoin rose 3.93% since yesterday's close to $65,786.17, lifting crypto-correlated equities after a sharp sell-off on February 5.
- The bounce follows a volatile session where Bitcoin hit 15-month lows and triggered $775 million in liquidations, suggesting forced deleveraging has eased.
- As a crypto-related company, Bitmine Immersion Technologies remains highly correlated with digital asset performance and institutional selling pressures.