Tom Lee's BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

In brief

• Shares of BitMine Immersion Technologies hit a 7-month low Thursday, falling to its lowest point since the firm announced its Ethereum treasury strategy last July.
• The firm’s unrealized Ethereum losses have continued to pile up, now around $8 billion as ETH trades near $1,930.
• BMNR is down about 11% on the day and more than 45% in the last six months.