Cantor Fitzgerald analysts initiate coverage on Bitmine Immersion Technologies, Inc. (BMNR)

Reported by Bijie Network: Cantor Fitzgerald analyst Brett Knoblauch has initiated coverage on Bitmine Immersion Technologies (NYSE:BMNR) with an “Overweight” rating and a target price of $39. Knoblauch pointed out that as a major financing institution in the industry, Bitmine has a scale advantage in digital asset reserves. The company highlighted Bitmine’s strong stock liquidity, Ethereum (ETH) accumulation strategy, and favorable risk-reward ratio. As of January 19, 2026, Bitmine’s reported holdings included 193 bitcoins, 4.2 million Ethereum, and $979 million in cash. The total number of staked Ethereum increased to 1.84 million, valued at $5.9 billion.