BitMine Immersion Technologies Inc. (BMNR) saw its stock price plummet by 5.98% in pre-market trading, reflecting a broader downturn in the cryptocurrency sector.
The decline was part of a wider sell-off in crypto-related stocks, with other major players like Hut 8, ETHZilla, and Canaan also posting substantial losses. The downturn highlights heightened volatility and negative sentiment in the cryptocurrency market.