BMNR
BitMine Immersion·AMEX
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What happened to BMNR and why is it rising?
possible reason
BitMine Immersion Technologies (BMNR) saw an increase of 18.45% on February 6, 2026. This can be attributed to **Stake Increase and Staking Revenue Potential**. BitMine's strategic move to increase its staked ETH to nearly 2.9 million tokens has positioned it as a significant player in the Ethereum staking ecosystem. The company's MAVAN staking solution is expected to launch in Q1 2026, which could generate substantial recurring revenue. The annualized staking revenues are estimated to be around $188 million, up by 18% in the past week. This growth in staking activities and potential revenue streams likely contributed to the stock's upward movement.
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The above data and information are generated by AI and are for reference only. They do not constitute any investment advice.
