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BitMine Immersion Technologies is entering a high-risk phase as paper losses on its Ethereum holdings continue to deepen. The stock has failed to hold recent rebounds, while both technical and crypto-linked signals point to weakening conviction.
As of February 10, BitMine’s total invested capital stood at nearly $15 billion. Its current portfolio value has dropped to about $7.7 billion.
This means nearly 49% of its investment value has been wiped out, on paper. At the same time, Ethereum trades near…
