Jim Cramer Says "You Don't Want to Touch" Bitmine Immersion

Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is one of the stocks Jim Cramer talked about. Noting that the stock is up, a caller asked if it is a buy, and Cramer replied:

“Oh, Bitmine, okay, my colleague David Faber did a very long piece about what’s the real value of this thing in terms of the amount of shares outstanding. And all I can tell you is you don’t want to touch it.”

Bitmine Immersion Technologies, Inc. (NYSE:BMNR) operates as a blockchain company focused on Bitcoin mining through self-mining and hosting services. The company also sells mining equipment and provides data center solutions with power, cooling, connectivity, security, and infrastructure management software. In the episode aired on July 31, when a caller inquired about the stock, Cramer responded:

“Alright, listen to me, sunshine, we don’t play that game. If you want to own that kind of stuff, just go buy some Bitcoin. Go, buy some Ethereum. I own them both. They’re fine.”

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