On September 18, BITMINE IMMERSION TECHNOLOGIES INC rose 5.57% in regular trading, trading at $25.185/share, with turnover of $145 million. The stock rebounded sharply from its prior session close of $23.89, amid a broad rally across cryptocurrency-linked equities.

The move came as the broader crypto sector continued to gain momentum following the Federal Reserve's decision to raise interest rates by 25 basis points to 3.75%–4.00% — its first hike in three years. Markets interpreted the move as a \"sell the rumor, buy the news\" event, with major index futures and risk assets rallying in its aftermath. Within the Application Software sector, crypto-linked peers posted strong gains, with Strategy up 6.62%, Circle Internet up 5.62%, and IREN up 2.98%, while Palantir Technologies dipped 1.91% and Salesforce fell 0.97%.

BITMINE IMMERSION TECHNOLOGIES INC is a digital asset technology company that holds approximately 5.848 million ETH — roughly 4.8% of total ETH supply — with about 87% staked. The company also holds 210 BTC and approximately $308 million in cash and marketable securities. B. Riley recently raised its price target on the stock to $30 from $25, maintaining a Buy rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)