BitMine Immersion (BMNR) stock tumbles 10% as president exit filing hits and crypto slides
New York, January 29, 2026, 21:27 EST — The market has closed.
- BMNR slid 10% to close at $26.70 on Thursday
- An SEC filing revealed President Erik Nelson’s departure along with $605,000 paid in lump sums
- Traders are focused on crypto prices, key U.S. economic data, and the Jan. 30 funding deadline as Friday approaches
Shares of BitMine Immersion Technologies, Inc. (BMNR) dropped 10% on Thursday, closing at $26.70 after a volatile day. The stock swung between $29.15 and $26.03, with roughly 58 million shares traded.
The decline is significant since BMNR has become more of a high-beta play on crypto risk rather than a stable operating business. When the crypto market shifts, the stock can jump sharply—and…
