BitMine Immersion Technologies Inc. (BMNR) saw its stock price surge 8.71% in pre-market trading on Monday, as part of a broader rally among crypto-related stocks. The company's shares were caught in a wave of positive sentiment sweeping across the cryptocurrency sector.

The pre-market rally wasn't limited to BitMine alone. Other crypto stocks also experienced significant gains, with SharpLink Gaming (SBET) up 16%, Upexi (UPXI) climbing nearly 15%, and BTCS (BTCS) rising 12%. Industry giant Coinbase also saw a more modest increase of 2% in early trading.

The bullish trend in crypto stocks appears to be driven by positive developments in the broader cryptocurrency market. Ethereum, the second-largest cryptocurrency by market capitalization, surpassed the $3,700 mark, trading at $3,741 with a 4.27% increase over the past 24 hours. Additionally, recent data from Farside revealed that U.S. Ethereum spot ETFs experienced a substantial net inflow of $2.1824 billion in the previous week, further fueling investor optimism in the crypto space.