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: RSI 36 — healthy momentum range; strong 1-year return of +187.2%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-3.08% over 10 days); 3-month momentum negative (-31.1%). Currently 90.0% off its 52-week high. Score: -3/7.
BMNR is trading below its 200-day MA ($31.32) — a key warning sign the longer-term trend is under pressure. An RSI of 36.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +187.2% compares to +22.9% for SPY (beat the market by 164.3%). The current 90.0% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.