Bitmine Immersion Technologies shares fall 1.70% premarket after certain Class C-3 Warrants are subject to a Lock-Up Agreement.

Bitmine Immersion Technologies, Inc. fell 1.70% in premarket trading. The company announced the release of its August investor presentation and video message from Tom Lee, chairman, which could be seen as a positive development. However, the stock's decline may be attributed to the lock-up agreement ending for certain Class C-3 Warrants, which could lead to increased selling pressure. Additionally, the broader market sentiment, as indicated by the performance of other stocks, may have contributed to the decline.