CryptoMarket and Blockchain News

Bitmine Immersion announced on Mar 27, 2026 the acquisition of Pier Two to power MAVAN staking; vendor claims suggest up to 50% cooling energy savings and ETH staking exceeded 30M (Jan 2024).

© Reuters. FILE PHOTO: Peter Thiel attends the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 6, 2022. REUTERS/Brendan McDermid/File Photo (Reuters) -Shares of Bitmine Immersion (NASDAQ:IMMR) Technologies jumped in premarket trading on Wednesday after tech billionaire Peter Thiel disclosed a 9.1% stake in the crypto mining and services company. Palantir (NASDAQ:PLTR) co-founder Thiel has publicly praised bitcoin, a currency based on blockchain technology, and his Silicon Valley venture capital firm Founders Fund was among the earlier investors in crypto. Thiel’s stake was revealed in a U.S. Securities and Exchange Commission 13D filing after markets closed on Tuesday. Shares rose 20.5% to $48.12 in heavy volumes. The stock received a boost in early June after it announced a $250 million private placement to initiate ethereum treasury strategy and said Fundstrat Global Advisors head of research, Thomas Lee, would serve on its board. The $2 billion market value firm engages in proprietary bitcoin mining and provides hosting services for third-party digital asset mining equipment. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is IMMR one of them?