BMNR

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Bitmine Immersion Technologies (BMNR) drew fresh attention after reporting third quarter results, with revenue of US$46.54 million and a net loss of US$83.58 million from continuing operations. See our latest analysis for Bitmine Immersion Technologies. Bitmine Immersion Technologies’ latest earnings release and the recent decision to shift its fiscal year-end came against a volatile backdrop, with the share price at US$16.59, a 1-month share price return of 9.65% but a year to date share price decline of 46.81%, while the 1-year total shareholder return is down 60.25% and the 5-year total shareholder return remains positive. This suggests near term momentum has been weak compared with the longer record. If you want to see how other cryptocurrency focused stocks are trading after recent earnings moves, a good next step is to scan the 17 cryptocurrency and blockchain stocks Given Bitmine Immersion Technologies’ sharp share price pullback followed by a recent rebound, some investors may be tempted to jump in now, while others might prefer patience and a lower entry. With these differing approaches in mind, how does the current valuation stack up against the fundamentals? On a simple yardstick, Bitmine Immersion Technologies trades on a P/B of 0.9x, which sits below many software peers despite its recent share price volatility around $16.59. P/B compares the company’s market value to its book value, which for an asset heavy, capital intensive cryptocurrency mining business can matter a lot when investors weigh up balance sheet strength versus market expectations. For Bitmine Immersion Technologies, the current P/B suggests investors are assigning a relatively low valuation to its net assets even though the business operates in a higher risk segment and remains unprofitable. This could reflect caution around its less than one year cash runway and continued losses. Compared with the wider US Software industry average P/B of 2.9x and a peer group average of 7.1x, this 0.9x multiple stands at a steep discount, indicating the market is pricing Bitmine Immersion Technologies well below both its sector and closer peers on this measure. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-book ratio of 0.9x (UNDERVALUED) However, Bitmine Immersion Technologies still faces risks, including continued net losses of US$8,772.21 million and reliance on a single, highly volatile cryptocurrency mining revenue stream. Find out about the key risks to this Bitmine Immersion Technologies narrative. While Bitmine Immersion Technologies looks inexpensive on a 0.9x P/B basis, the SWS DCF model tells a sharply different story, with an estimated future cash flow value of just $0.01 per share versus the current $16.59. On this measure, the stock screens as heavily overvalued. Which signal should carry more weight for you right now? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Bitmine Immersion Technologies for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 38 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. With such mixed signals around Bitmine Immersion Technologies, it makes sense to move quickly and test the numbers yourself rather than rely on headlines. To see both sides of the story in one place, start by reviewing the 1 key reward and 2 important warning signs. If Bitmine Immersion Technologies has caught your eye, treat that as a starting point and widen your search now so you do not miss stronger risk reward setups. Target potential asymmetric upside by scanning carefully selected smaller caps through the 21 elite penny stocks with strong financials. Focus on value and quality together by running the 38 high quality undervalued stocks to see companies that pair solid fundamentals with more modest pricing. Prioritise resilience over excitement by checking the 79 resilient stocks with low risk scores for stocks that screen well on stability and risk metrics. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BMNR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the “Crypto Currents” weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio. Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential CRYPTO EARNINGS: On Thursday, Strategy (MSTR) reported a fourth quarter loss per share of ($42.93) on revenue of $123M, which compared to a loss per share of ($3.03) for the same period last year and analyst revenue consensus of $118.5M. As of December 31, the company had cash and cash equivalents of $2.3B, as compared to $38.1M as of December 31, 2024. “We raised $25.3B of capital in 2025 to advance our Bitcoin treasury strategy, making us the largest equity issuer among U.S. public companies for a second consecutive year. We increased our holdings to 713,502 bitcoins, including 41,002 bitcoins acquired in January 2026 alone. STRC, our flagship Digital Credit instrument, has grown to $3.4B in size, supported by increasing liquidity and declining volatility. Our variable dividend rate mechanism for STRC, currently set at 11.25%, has helped maintain STRC price stability near the $100 stated amount despite a weaker bitcoin price environment. In 2026, we remain focused on expanding STRC to generate amplification and drive growth in Bitcoin Per Share for MSTR common stock investors,” said Phong Le, CEO Additionally on Monday, Strategy announced an update on its bitcoin holdings. The company reported acquiring 855 bitcoin for approximately $75.3B at an average purchase price of $87,974 between January 26 and February 1. As of February 1, Strategy holds 713,502 bitcoin acquired for an aggregate purchase price of approximately $54.26B. Following earnings, BTIG lowered the firm’s price target on Strategy to $250 from $630 and kept a Buy rating on the shares. The company’s Q4 earnings call was overshadowed by bitcoin prices that traded off 8% in the hours leading up to the call, the analyst said. BTIG reminds investors that Strategy’s convertible debt is “extremely over-collateralized” and is covered even if bitcoin prices drew down 80%. Further, the company has 30 months of USD reserves to cover preferred equity dividend payments, added the firm. It cited the recent bitcoin volatility for the target cut. On Tuesday, Galaxy Digital (GLXY) reported a Q4 loss per share of ($1.08) on revenue of $10.37B, which compared to analyst estimates of loss per share of (92c) and revenue of $16.6B. The company reported total equity of $3.04B and holdings of $2.6B in cash and stablecoins as of December 31. Following the report, Goldman Sachs lowered the firm’s price target on Galaxy to $24 from $27 and kept a Neutral rating on the shares. Despite the weaker results in the quarter, largely driven by digital assets price depreciation, management remains constructive on the long-term growth trajectory across the Global markets and Asset management businesses, the analyst said. Meanwhile, H.C. Wainwright lowered the firm’s price target on Galaxy to $40 from $45 and kept a Buy rating on the shares. The firm sees an attractive buying opportunity after shares tumbled on weaker-than-expected Q4 results. While the crypto bear market has been a headwind, the potential passage of crypto market structure legislation and the monetization of its data center business, which is on track to recognize revenue from its CoreWeave (CRWV) lease in the coming weeks, are identifiable near-term positive catalysts, the analyst added. On Thursday, IREN (IREN) reported a Q2 loss per share of (52c) on revenue of $184.7M, which compared to a loss per share of (10c) last year and analyst revenue estimates of $226.9M. The company had cash and cash equivalents of $2.8B as of January 31. “Last quarter marked meaningful progress across capacity expansion, customer engagement, and capital formation, reflecting IREN’s progress as a scaled AI Cloud platform,” said Daniel Roberts, Co-CEO. “We are seeing the strongest demand environment to date, and importantly, that demand is being met by a proven execution capability. Over several years, we have consistently delivered data center capacity on time and at scale, and that delivery track record continues to resonate with customers who value reliability alongside performance. “With more than 4.5GW of secured power, we are able to advance a broad set of opportunities in our pipeline and support the next phase of growth. Our $3.4bn ARR target represents an early stage of monetization relative to the size of our secured power portfolio, highlighting the scale of the platform we are building.” Following the report, Cantor Fitzgerald lowered the firm’s price target on IREN to $82 from $136 and kept an Overweight rating on the shares. Revenue and adjusted EBITDA were both down quarter over quarter due to a decline in bitcoin prices and a decline in operating hash rate, which was not unexpected given the company’s transition of capacity away from bitcoin mining and towards AI compute, the analyst said. The firm believes the after-hours move lower is a buying opportunity. B. Riley raised the firm’s price target on IREN to $83 from $74 and kept a Buy rating on the shares. IREN reported Q2 adjusted EBITDA of $75.3M, below both internal and consensus estimates, while highlighting key milestones including securing $3.6B in GPU financing, adding 1.6 GW of power capacity at a new Oklahoma campus, and progressing Sweetwater 1 & 2 in Texas, the analyst said. Despite the shortfall, the company targets $3.4B in annualized run-rate revenue by end of CY26, with expansion across Horizon 1-4 and B.C. sites positioning IREN as a de-risked, compelling long-term growth story, the firm said MORE CRYPTO EARNINGS: On Thursday, CleanSpark (CLSK) reported a Q1 loss per share of ($1.35) on revenue of $181.2M, which compared to earnings per share of 85c last year and a revenue consensus of $187.73M. The company held $485.1M in cash and $1B in bitcoin as of December 31. “CleanSpark exited the quarter with one of the strongest balance sheets in our sector and a power and land portfolio that is increasingly scarce,” said Matt Schultz, CEO. “We strengthened our financial foundation, secured up to 890 megawatts of high-quality utility potential capacity in the Houston region, and materially advanced our Sandersville site with the acquisition of an additional 122-acre parcel as we progress toward AI tenancy. Importantly, this expansion is being funded from a position of strength. Our scaled bitcoin mining operations continue to generate durable cash flows, and those cash flows are now being redeployed into long-duration infrastructure opportunities that we believe can drive significant shareholder value over time.” Following the report, Needham lowered the firm’s price target on CleanSpark to $19 from $25 and kept a Buy rating on the shares. The company modestly missed on revenues and Adjusted EBITDA, primarily driven by lower mining, though the firm is lowering its estimates further as bitcoin prices have materially pulled back, the analyst said. Cantor Fitzgerald lowered the firm’s price target on CleanSpark to $17 from $21 and kept an Overweight rating on the shares. The investment case for CleanSpark has now shifted to AI, with what appears to be strong momentum for its Sandersville site, and the company is adding additional large site capacity behind that, the analyst said. The recent selloff makes shares attractive, the firm added. Meanwhile, Keefe Bruyette lowered the firm’s price target on CleanSpark to $14 from $18 and kept an Outperform rating on the shares. The firm maintains high conviction in a 2026 Sandersville lease given the site’s readiness, location, and active tenant engagement, which should help anchor shares near $10 despite BTC volatility, the analyst said. On Thursday, Bullish (BLSH) reported a Q4 loss per share of ($3.73) on an adjusted revenue of $92.5M, which compared to analyst estimates of earnings per share of 16c on revenue of $87.26M. Tom Farley, CEO, said, “I believe that we are at a turning point for digital assets. For all of crypto’s extreme volatility and cyclicality, the vision of faster, better, cheaper, permissionless capital is being unlocked in real-time to bring everything onchain. What I envision immediately ahead for this industry – and, particularly for Bullish, is why I came to the digital asset space.” Following earnings, Clear Street lowered the firm’s price target on Bullish to $42 from $50 and kept a Buy rating on the shares. The company reported strong Q4 results and the fiscal 2026 outlook is solid, the analyst said. Clear cited the “risk-off” environment, weak investor sentiment, and uncertainty surrounding the timing of market structure legislation for the target cut. Meanwhile, JPMorgan lowered the firm’s price target on Bullish to $41 from $42 and kept a Neutral rating on the shares. The firm views the company’s Q4 report as inline. On Friday, Mawson Infrastructure Group (MIGI) reported preliminary Q4 revenue of $3.2M. compared to revenue of $15.1M for the same period last year. The company also announced that it had reached a confidential settlement with Ionic Digital Mining to resolve claims Ionic brought against Mawson and two of its subsidiaries related to a co-location agreement. In addition, the company entered a separate, unrelated settlement to resolve a customer dispute over a hosting arrangement. Together, these resolutions eliminate a large portion of the company’s potential financial liability going forward. Mawson made no admission of liability or wrongdoing in reaching either of these settlements. “We are pleased to move forward from these pending cases and significantly reduce Mawson’s potential liability,” said Kaliste Saloom, Interim CEO and General Counsel of Mawson. “The clarity we now have on the future strength of our balance sheet will allow us to focus on driving operational execution and long-term growth for Mawson.” BED BATH & BEYOND TO ACQUIRE TOKENS.COM: Bed Bath & Beyond (BBBY) announced Monday that it has signed an agreement to acquire Tokens.com to establish a critical foundation for a unified investment and personal finance platform. The company said, “The platform will address a fragmented market for financial services by delivering a one-stop journey for real estate and other real-world asset finance that bridges tokenized and traditional investing. The platform will be integrated with our financial technology, insurance, and blockchain-based businesses. Bed Bath & Beyond currently maintains strategic investments and ownership interests in digital asset and blockchain businesses, including tZERO and GrainChain, held both directly and through its Medici portfolio. Tokens.com will be wholly owned by Bed Bath & Beyond and will benefit from Bed Bath & Beyond’s deep experience and history in the advancement of tokenized assets as an early investor and proponent of blockchain technology. The platform will be supported by shared expertise, regulatory experience, and proven infrastructure services across Bed Bath & Beyond’s portfolio.” Bed Bath & Beyond anticipates the Tokens.com platform becoming operational by July 1, subject to closing and customary conditions. “Our strategy brings together partners like Figure Technologies and Figure Markets, the infrastructure of tZERO, and the operating and AI integration capabilities provided by ShyftLabs,” said Marcus Lemonis, CEO. “Providing responsible, compliant liquidity pathways for homeowners and real-world asset holders is our strategy and long-term vision.” GEMINI TO EXIT OPERATIONS IN UK, EU, AUSTRALIA: In a Thursday regulatory filing, Gemini Space Station (GEMI) disclosed that the company approved a plan to exit and wind down its operations in the United Kingdom, the European Union and other European jurisdictions, and Australia as part of a broader initiative to reduce operating expenses and support the company’s path to profitability. “The company’s business will continue operating in the United States and Singapore. The Plan is expected to include a reduction in force of up to 200 global employees, including employees in Europe, the United States, and Singapore, and representing approximately 25% of the company’s total global workforce as of February 4, 2026. The company expects the Plan to be substantially completed in the first half of 2026, subject to applicable local law and consultation requirements. In connection with the Plan, the company currently estimates that it will incur pre-tax restructuring and related charges of approximately $11M, substantially all of which are expected to result in cash expenditures…The company expects to recognize substantially all of these charges in the first quarter of 2026, subject to the timing of actions taken under the Plan and applicable local law and consultation requirements,” the filing stated. Following the filing, Evercore ISI downgraded Gemini to In Line from Outperform with a price target of $10, down from $15. The firm said the market exits pushes out Gemini’s growth story. Additionally, Goldman Sachs lowered the firm’s price target on Gemini to $7.50 from $11.50 and keeps a Neutral rating on the shares. The wind down reflects the impact of the crypto sell-off on reducing crypto trading volumes, which has likely termed out Gemini’s path to profitability, Goldman contended. BITFARMS PLANS U.S. REDOMICILIATION: Bitfarms (BITF) announced Friday that its Board of Directors has approved a plan of arrangement under which the company will redomicile from Canada to the United States, subject to receipt of shareholder, stock exchange and court approvals. The arrangement is the culmination of a comprehensive strategic review process undertaken by the board over the past 12 months, including ongoing analysis of investor sentiment and capital markets trends to identify opportunities to enhance long-term shareholder value. The board unanimously determined that the U.S. redomiciliation is in the best interests of Bitfarms and unanimously recommends that the shareholders of the company vote in favor of the arrangement. Upon completion of the redomiciliation, the ultimate parent company of Bitfarms will be a corporation formed under the laws of the State of Delaware. It is anticipated that this new parent corporation will operate under the name Keel Infrastructure. To effect the redomiciliation, each outstanding common share of Bitfarms will be exchanged for one share of common stock of Keel Infrastructure pursuant to the arrangement. Upon completion, Keel Infrastructure US common stock is expected to trade on the Nasdaq and the Toronto Stock Exchange under the ticker symbol KEEL, subject to receipt of all necessary approvals of the Nasdaq and the TSX. The redomiciliation is expected to be completed on or about April 1. CEO Ben Gagnon stated, “Bitfarms is officially launching the final phase of our pivot to the U.S., positioning us to more effectively execute on the significant opportunities we see ahead in HPC/AI infrastructure development. This transition will expand our access to new sources of capital, increase our eligibility for index inclusion, and simplify our story for U.S. investors, among other benefits that we believe support our ability to continue creating value for our shareholders. As a business, fortifying our U.S. footprint will bring significant benefits including reducing complexity for potential customers and enhancing our current relationships with suppliers and energy providers. We look forward to continued engagement with our shareholders to outline our clear path forward for value creation as a U.S. company.” OTHER CRYPTO NEWS: Sharps Technology (STSS), BitGo (BTGO) announce collaboration to advance Solana treasury Bitmine Immersion (BMNR) reports total holdings $10.7B as of February 1 DeFi Development’s (DFDV) dfdvSOL token added as collateral on Jupiter Lend Figure (FIGR) downgraded to Underperform from Neutral at BofA, price target lowered to $57 from $66 at Goldman Sachs LM Funding (LMFA) mines 7.8 bitcoin in January DDC Enterprise (DDC) acquires 105 additional BTC, total holdings reach 1,888 BTC IP Strategy (IPST) reports 39.9M staked $IP tokens as of January 31 Bit Digital (BTBT) holds 155,239 ETH as of January 31 Coinbase (COIN) price target lowered to $340 from $420 at BTIG TeraWulf (WULF) acquires two brownfield infrastructure sites Circle Internet (CRCL) initiated with Equal Weight at Morgan Stanley, partners with Polymarket HC Wainwright assumes Hut 8 (HUT) with a Buy, initiates American Bitcoin (ABTC) with a Buy Cango (CANG) produces 496.35 bitcoin in January SRx Health (SRXH) reduces short position across cryptocurrency portfolio Hive Digital (HIVE) reports January 2026 production of 297 BTC CRYPTO STOCK PLAYS: Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Strategy, Riot Platforms (RIOT) and TeraWulf. PRICE ACTION: As of time of writing, bitcoin dropped roughly 18% this week to $68,182 in U.S. dollars, according to CoinDesk. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on MSTR: Disclaimer & DisclosureReport an Issue Invesco QQQ Trust ETF (QQQ) Daily Update, 2/6/2026 Notable open interest changes for February 6th 3 ‘Strong-Buy’ Tech Stocks Top Analysts Love During Tech Volatility MicroStrategy put buyer realizes 166% same-day gains Strategy price target lowered to $250 from $630 at BTIG

BitMine Immersion Technologies recently gained stockholder approval to increase its authorized common shares from 500,000,000 to 50,000,000,000 and confirmed a US$200,000,000 commitment to Beast Industries, while also reporting a very large first‑quarter net loss of US$5,204,100,000 on revenue of US$2,290,000. Together with its multi-million ETH holdings and build-out of the MAVAN staking platform, these moves show BitMine leaning further into an Ethereum-centric treasury and creator-economy partnership model. We’ll now look at how the massive authorized share increase shapes BitMine’s investment narrative and its Ethereum-focused capital deployment. Explore 23 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. For BitMine Immersion, you really have to believe in a high‑beta, Ethereum‑centric story rather than a traditional software or mining business. The core near term catalysts are its giant ETH treasury, the ramp‑up of MAVAN staking, and how effectively management deploys its US$14.5 billion mix of crypto, cash and “moonshot” assets. The newly authorized 50 billion share capacity and the US$200 million Beast Industries commitment amplify that story but also sharpen the trade off: more flexibility to pursue creator‑economy deals and further ETH accumulation, against a backdrop of a very large quarterly net loss and a history of substantial dilution. Recent price volatility suggests the market is still trying to weigh that optionality against governance, dilution and execution risk under a very new leadership team. However, the sheer scale of potential dilution is something investors should not ignore. Bitmine Immersion Technologies' share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price. The Simply Wall St Community’s 25 fair value estimates for BitMine span from well under US$1 to US$130, reflecting sharply different expectations. Set that against a business with very large reported losses, fresh authorization for billions of new shares, and a bold Ethereum and creator‑economy tilt, and it is clear you are looking at a wide spread of views on how this could play out. Explore 25 other fair value estimates on Bitmine Immersion Technologies - why the stock might be worth over 4x more than the current price! Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd. A great starting point for your Bitmine Immersion Technologies research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision. Our free Bitmine Immersion Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Bitmine Immersion Technologies' overall financial health at a glance. The market won't wait. These fast-moving stocks are hot now. Grab the list before they run: The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 24 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. Find companies with promising cash flow potential yet trading below their fair value. The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BMNR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

US stocks ended Friday's session higher as tech stocks led the way and helped the major indexes cap the first full week of trading in 2026 with gains across the board. Friday's rally earned record closes for the Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC), and for the week, the Dow led the major indexes with a gain north of 2%. The tech-heavy Nasdaq Composite (^IXIC) rose just less than 2% for the week, and the S&P 500 rose about 1.6%. Oil prices also climbed through the week as the market digested the US military's capture of Venezuelan president Nicolás Maduro last weekend and a large-scale seizure of the South American country's oil industry by the Trump administration. Futures on international benchmark Brent crude oil (BZ=F) picked up more than 3.7% throughout the week, while futures on the US benchmark West Texas Intermediate (CL=F) gained roughly 2.6%. Looking forward, data on consumer prices out Tuesday, along with producer prices and retail sales on Wednesday, will headline the economic calendar as traders watch for any signal of what the Federal Reserve may do at its meeting at the end of this month. Traders on Friday were pricing in 95% odds that the Fed will keep rates unchanged. Read more: How a Fed rate cut affects your bank accounts, loans, credit cards, and investments Earnings season will also get underway as the country's largest banks lead the pack. JPMorgan Chase (JPM) and BNY Mellon (BK) will report results on Tuesday, while Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) will report on Wednesday. Other big names set to report in the week ahead include investment banking power Goldman Sachs (GS) and Morgan Stanley (MS), as well as key chip manufacturer Taiwan Semiconductor (TSM) on Thursday. Friday's December jobs report offered investors the final piece of major labor market data for 2025. And when the results were in, what we found was the worst year for US job growth outside of a recession since 2003. Some 584,000 new jobs were added to the US economy last year, down from just over 2 million 2024, and the first time job gains were less than 1 million a year — with the exception of 2008, 2009, and 2020 — since 124,000 jobs were created in 2003. As the market's reaction to Friday's jobs report suggests, however, there were fears that things would look even worse. "Labor market conditions are cooling but hardly collapsing," wrote Neil Dutta, head of economic research at Renaissance Macro, in a note on Friday. The unemployment rate stood at 4.4% in December, the lowest in four months. And if investors are focused on whether things are getting better or worse — rather than whether something is good or bad right now — the labor market is showing signs of the former heading into 2026. But several experts on Friday, including Dutta, BlackRock's Rick Rieder, and Pantheon Macroeconomics' Samuel Tombs, all noted that the youth unemployment rate remains quite elevated, with unemployment among workers ages 16-24 now at 10.4%. That's up from 9% a year ago, and 8% in December 2023. Couple this with the rise in unemployed workers looking for work for more than 27 weeks — this total rose to 1.95 million in December from 1.56 million a year ago and now accounts for a quarter of those unemployed — and dynamism is clearly lacking from the US labor market. Call it a freeze in the LinkedIn Labor Market. New entrants to the labor force, like college graduates and professionals looking, or forced to, make a change, are seeing fewer opportunities cross their desks. The US labor market has been described as "low hire, low fire" for some time, but as the fog of a three-month data delay starts to lift, Friday's jobs data offered numbers to make this meme a little more tangible. "[While] U.S. growth is solid, broad-based labor is not really participating in this economic vitality," wrote Rick Rieder, BlackRock's CIO of global fixed income, in an email on Friday. "One could take comfort in the fact that job cuts have been low, as displayed in the Challenger job cuts data, but with an economy that today is operating at such a strong level, it gives one pause to think about what the situation might look like if the economy began to slow and companies started actually making job cuts?" When JPMorgan reports its fourth quarter results Tuesday morning, the latest earnings season will (un)officially be underway. Big banks this week are expected to boast about a record year for the industry, and the second straight year their stocks collectively outperformed the market. Data from FactSet published Friday showed that investors expect fourth quarter earnings to reveal annual profit growth at S&P 500 firms for the 10th straight quarter, with companies in the index collectively expected to report earnings rose 8.3% over the prior year to end 2025. Among the index's 11 sectors, eight are expected to report earnings growth — only Industrials (XLI), Energy (XLE), and Consumer Discretionary (XLY). In the year ahead, Wall Street expects more of this to come, with Bloomberg's Alexandra Semenova reporting in late December that every major strategist on the Street is bullish on the stock market this year. And most of these calls are underpinned by expectations for accelerated earnings growth. "Expanding profit margins are expected to turn modest revenue growth into double-digit earnings growth, which should drive stock prices higher," wrote Yahoo Finance contributor and publisher of the stock market newsletter TKer, Sam Ro, back in December. "The magnitude of those price gains will depend on whether or not valuations stay high." We'll start to get a feel for the first part in the coming weeks. As for the latter part, investors can argue about it each day the market's open. And even those when it's not. Economic and earnings calendar Economic data: No notable economic data. Earnings calendar: Wealthfront (WLTH) Economic data: Consumer price index, month-on-month, December (+0.3% expected); Core CPI, month-on-month, December (+0.3% expected); CPI, year-on-year, December (+2.7% expected, +2.7% previously); Core CPI, year-on-year, December (+2.7% expected, +2.6% previously); Real average hourly earnings, year-on-year, December (+0.8% previously); New home sales, October (714,000 annualized rate expected) Earnings calendar: JPMorgan Chase (JPM), BNY Mellon (BK), Delta Air Lines (DAL), Concentrix Corporation (CNXC), Phoenix Education Partners (PXED) Economic data: MBA mortgage applications, week ended Jan. 9 (+0.3% previously); Retail sales, month-on-month, November (+0.4% expected, 0.0% previously); Retail sales, ex auto and gas, November (+0.3% expected, +0.5% previously); Producer price index, month-on-month, November (+0.3% expected); PPI ex-food and energy, month-on-month, November (+0.2% expected); Existing home sales, December (4.23 million annualized rate expected, 4.13 million previously); Business inventories, October (+0.2% previously) Earnings calendar: Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), Infosys (INFY), Bitmine Immersion Technologies (BMNR), Home Bancshares (HOMB), Platinum Group Metals (PLG) Economic data: Initial jobless claims, week ended Jan. 10 (208,000 previously); Continuing claims, week ended Jan. 3 (1.91 million previously); Import price index, month-on-month, November (-0.2% expected); Empire State manufacturing, January (1 expected, -3.9 previously); Philadelphia Fed business outlook, January (-2.9 expected, -10.2 previously) Earnings calendar: Taiwan Semiconductor Manufacturing Company (TSM), Goldman Sachs (GS), Morgan Stanley (MS), BlackRock (BLK), JB Hunt Transport Services (JBHT), First Horizon Corporation (FHN) Economic data: New York Fed Services Business Activity, January (-20.0 previously); Industrial production, month-on-month, December (+0.2% expected, +0.2% previously); Manufacturing production, December (0.0% previously); NAHB Housing market index, January (39 previously) Earnings calendar: PNC Financial (PNC), State Street (STT), M&T Bank (MTB), Wipro (WIT), Regions Financial (RF), BOK Financial (BOKF) Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance

BitMine Immersion Technologies, the largest corporate holder of Ethereum, reported $328 million in full-year income on Friday while declaring its first dividend, but its share price fell amid concerns about digital asset treasury strategies and ETH's recent price drop. The company that owns $9.6 billion worth of Ethereum plans to pay common stockholders a dividend of one cent per share next month, according to an SEC filing. BitMine said the move "reflects the company’s commitment to create shareholder value.” BitMine shares recently changed hands around $24.65, a 5.3% decrease on the day, according to Yahoo Finance. The company’s stock price has plunged 52% over the past month, as many crypto treasury firms have been battered by swooning crypto prices. “History shows crypto prices stage V-shaped recoveries after a lingering and drawn out decline, and we expect this to again be the case in this current drawdown,” BitMine Chairman and Fundstrat co-founder Tom Lee said in a statement. Lee linked the current route to a drop in market liquidity on Oct. 10 last month, when $19 billion worth of leveraged positions were liquidated in the crypto market. Lee noted that the fallout represented the largest liquidation event in the crypto market’s history. Unlike Bitcoin, Ethereum can be natively staked, allowing firms like Bitmine to grow their holdings by validating transactions and earning rewards. But the company hasn’t staked any of its Ethereum holdings in a material way yet. BitMine is building a “Made in America" validator network, which plans to go live in the first quarter of next year. Along those lines, the company said it’s selected three pilot partners “to conduct a live test of their staking capabilities using a small portion of our ETH.” BitMine’s stock price has underperformed Ethereum as the digital asset’s price has fallen 28% over the past month to a four-month low of $2,700, according to crypto data provider CoinGecko. When BitMine first purchased Ethereum, it was valued around $3,600 in July. Coinbase Acquires Solana Meme Coin Social Trading App Vector BitMine currently owns 192 Bitcoin, as well as 3.55 million Ethereum, the latter of which was purchased at an average cost of around $3,120, according to a previous press release. It also owns a stake in the crypto treasury firm, Worldcoin, alongside $607 million in unencumbered cash. Although crypto prices haven’t recovered since Oct. 10, Lee said the current market cycle’s peak could be as far as three years away, while acknowledging that the performance would be a departure from the four-year cycles that crypto prices have historically followed.

BMNR stock is up 4.3% today, even as it remains down more than 21% over the past five days, mostly following Ethereum’s 12% slide this week. With Q4 earnings set for November 21, early strength in the BMNR price has raised the question of whether the stock is positioning itself ahead of the market, again. The last time this happened, BMNR moved much earlier than Ethereum. With bottoming signs flashing across crypto, traders are watching to see if history is lining up once more. Between June 26 and July 3, Ethereum moved only 10%. In that same period, BitMine (BMNR) surged 3,993% from $3.91 to $160.10. It is worth noting that the Q3 results came out on July 2. Only after BMNR’s explosion did Ethereum begin its real run, rallying more than 100% from early July to late August. BMNR had clearly priced in the move earlier, showing a pattern of reacting to expectations rather than the move itself. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Now, with several bottoming signals forming across Bitcoin and Ethereum, traders are asking whether BMNR is again sensing a shift under the surface. The stock is stabilizing right before earnings — the same timing as its July behavior — while the broader crypto market is trying to form a base. This brings us to what BMNR’s own indicators are signaling. RSI (Relative Strength Index) measures price momentum. Between June 27 and November 17, BMNR made a higher low, while RSI made a lower low. That is hidden bullish divergence, which appears in assets that remain in long-term uptrends even during strong pullbacks. RSI has also bounced from oversold conditions, giving BMNR a steadier base ahead of the earnings call. https://twitter.com/funofinvesting/status/1990822186639372792?s=46&t=H-MrTuNvkcokgvCx6TS0Dg But the real confirmation still rests with On-Balance Volume (OBV). OBV adds volume on up days and subtracts volume on down days to show who controls the market. Here is what matters now: OBV remains below a descending trend line, which has capped every attempt at recovery. OBV is now curling upward as the result date approaches. A break above this OBV trend line is the technical trigger that usually leads to large moves in BMNR. There is also a long-term OBV divergence on the chart. From September 5 to November 17, the BMNR price made a lower low, but the OBV made a higher low. This is often a sign that seller pressure is fading in the background, even if the price hasn’t reacted yet. If OBV breaks out, BMNR’s correlation with Ethereum strengthens — as it did before the July rally. BMNR has held $30 as major support since early August. The stock’s current stabilization shows this level is still active. If $30 holds: BMNR can push toward $39 first. A break above $43 opens a path to $52-$58. A full extension toward $65 (a gain of over 100%) becomes realistic if Ethereum picks up even a modest rebound. One more positive signal appears on the CMF. The Chaikin Money Flow tracks inflows and outflows using price and volume. CMF has now broken above its descending trend line, which means inflows are rising again right before the result date. This does not confirm a breakout on its own, but it strengthens the case that buyers are returning at the right time. This aligns with Donald Dean's NAV model. https://twitter.com/donaldjdean/status/1990496737933574343?s=46&t=H-MrTuNvkcokgvCx6TS0Dg Dean uses a NAV multiple where BMNR’s value tracks ETH ownership and cash reserves. He estimates the stock’s upside using ETH’s percentage moves. This means that if Ethereum rebounds 10%, BMNR’s fair value under Dean’s model moves well above the current range, placing the stock closer to its higher extensions. That's close to $65, per the chart. But the model also works in reverse. If Ethereum drops again: BMNR’s NAV compresses quickly. Losing $30 would expose the stock to even $25. So the next move depends on two things: OBV breakout and Ethereum price direction. If both align near the earnings release, the BMNR price may once again outpace the crypto market. Read original story BitMine (BMNR) Stock Bounces As Q4 Results Near — Is the Price Preparing Another Early Move? by Ananda Banerjee at beincrypto.com