Bitmine (BMNR) Soars 10% Ahead of Ex-Dividend Date

BMNR +4.37% ETH-USD +2.52%

We recently published 10 Stocks Stealing the Spotlight Early as Christmas Looms. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the top performers on Tuesday.

Bitmine Immersion jumped by 10.26 percent on Tuesday to close at $31.91 apiece as investors loaded portfolios ahead of the looming deadline to receive its upcoming dividends.

According to the company, it would give out $0.01 dividend to its common shareholders on record as of Friday, December 5, payable on December 29, 2025.

Additionally, Bitmine Immersion Technologies, Inc.’s (NYSEAmerican:BMNR) rally was supported by Ethereum prices’ climb by 7.13 percent to $2,999.80 on the same day.

Last Monday, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) announced that it further raised its Ethereum ownership to anew to a total of 3,726,499 following the acquisition of 96,798 additional tokens.

The total number now represents more than 3 percent of the cryptocurrency’s total market supply.

Apart from Ethereum, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) also owns 192 Bitcoins and holds a $36 million stake in Eightco Holdings, which invests in Worldcoins.

In the full fiscal year of 2025, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said that it swung to a net profit attributable to shareholders of $328 million from a $3.29 million net loss in the same period last year.

Revenues increased by 84 percent to $6.09 billion from $3.31 billion year-on-year.

While we acknowledge the potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.