Why BitMine Immersion Technologies Stock Skyrocketed Today
BitMine Immersion Technologies (NYSEMKT: BMNR) stock posted another day of explosive gains in Thursday's trading -- ending the session up 130.8%. The company's share price is up roughly 2,450% over the last week.
News that Wall Street strategist Tom Lee is joining Bitmine in a push to make Ethereum's Ether token central to Bitmine's crypto holdings has helped kick off a massive rally for the stock. In conjunction with the company naming Lee as chairman of its board of directors, the company announced that it was raising $250 million in a private funding round.
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Source Fool.com
