BitMine Immersion Technologies is trading at $17.19 (4.1% down) in pre-market trading as a broader decline in the cryptocurrency market pressures crypto-linked equities.
- The weakness follows a sharp 13.3% jump in the previous session, which was driven by the company's disclosure of an $11.3 billion crypto-treasury.
- Major digital assets including Bitcoin, Ethereum, Solana, and XRP have fallen between 2.3% and 4.7% over the last 24 hours, weighing on the sector's performance.