Why Bitmine Immersion Technologies Stock Tumbled by Nearly 11% Today

Key Points On Thursday, an ongoing cryptocurrency rout and an analyst's deep price target cut put the hurt on Bitmine Immersion Technologies (NYSEMKT: BMNR). The crypto company's shares sank by almost 11% in value that day, a far steeper fall than the 1.6% drop endured by the S&P 500 index. Down on …