BitMine Immersion Technologies, Inc.
Here’s whether BitMine Immersion Technologies, Inc. (BMNR) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: strong 1-year return of +105.2%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-2.98% over 10 days); RSI 29 — oversold; 3-month momentum negative (-23.2%). Currently 90.1% off its 52-week high. Score: -5/7.
BMNR is trading below its 200-day MA ($32.18) — a key warning sign the longer-term trend is under pressure. An RSI of 29.0 has dropped into oversold territory, which has historically preceded short-term bounces. The 1-year return of +105.2% compares to +24.4% for SPY (beat the market by 80.8%). The current 90.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.