Why BitMine Immersion Technologies Stock Surged Nearly 20% Higher Today

BitMine Immersion Technologies (NYSEMKT: BMNR) certainly had timing on its side as the Thanksgiving-shortened stock trading week began. On a broadly very bullish Monday for cryptocurrencies -- and crypto stocks -- the company published an encouraging business update. This combination of positive factors sent its share price skyward by almost 20% that trading session. BitMine is essentially a cryptocurrency treasury company, with a particular focus on holding a substantial position in Ethereum. An extended rout in cryptocurrencies seemed to reverse suddenly in recent days, lifting the value of many coins, tokens, and crypto stocks, such as BitMine.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool