Bitmine Immersion Technologies (BMNR) shares fell more than 5% in pre-market trading on February 5, 2026. The company issued no direct announcements to account for the price decline.
A broad sell-off across the cryptocurrency market drove the downward movement. Both Bitcoin (BTC) and Ethereum (ETH) recorded price drops exceeding 5%.
Bitmine Immersion Technologies holds more than 3.5% of the total circulating supply of Ethereum. This substantial digital asset treasury makes the stock price highly correlated with cryptocurrency performance. The market-wide slump directly reduces the valuation of the company's holdings, reinforcing the stock's position as a leveraged play on crypto volatility.