Cantor Fitzgerald Initiates Bitmine Immersion (BMNR) with $39 PT on Scale of Ethereum Treasury

Bitmine Immersion Technologies Inc. (NYSEAMERICAN:BMNR) is one of the most buzzing stocks to invest in according to hedge funds. On January 5, Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Bitmine Immersion with an Overweight rating and $39 price target. Knoblauch highlighted the company’s massive scale in digital asset treasuries as a primary competitive edge and noted that its status as a top capital raiser drives superior stock liquidity and a robust ETH accumulation flywheel. Cantor Fitzgerald views the current entry point as offering an attractive risk/reward profile for investors.

In FQ4 2025, the company reported a substantial net income of $328.2 million. This performance resulted in a fully diluted EPS of $13.39. As the world’s largest Ethereum/ETH treasury, the company remains focused on long-term crypto accumulation and infrastructure development, supported by a high-profile group of institutional investors, including Cathie Wood’s ARK, Founders Fund, Bill Miller III, Pantera, Kraken, and personal investor Thomas ‘Tom’ Lee.

A central pillar of BitMine’s 2026 strategy is the launch of the Made-in-America Validator Network/MAVAN. This dedicated staking infrastructure is designed to provide safe, high-yield staking for the company’s ETH assets. Bitmine Immersion Technologies Inc. (NYSEAMERICAN:BMNR) has already initiated a pilot program with three top staking providers to test performance and service quality. Following these tests, the company plans to scale MAVAN with world-class infrastructure partners, with full staking operations expected to go live in FQ1 2026.

Bitmine Immersion Technologies Inc. (NYSEAMERICAN:BMNR) operates as a blockchain technology company primarily in the US.

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