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Immersion Corporation (âImmersionâ, the âCompanyâ, âweâ, âusâ or âourâ) (Nasdaq: IMMR), a premier licensing company of technologies for hapt
AVENTURA, Fla.--(BUSINESS WIRE)--Immersion Corporation (“Immersion”, the “Company”, “we”, “us” or “our”) (Nasdaq: IMMR), a premier licensing company of technologies for haptics, reported financial results for the first quarter of its fiscal year ending April 30, 2027 (“Fiscal 2027”). First Quarter of Fiscal 2027 Consolidated Financial Summary(1): Total revenues of $294.4 million for the three months ended July 31, 2026, compared to $292.0 million for the three months ended July 31, 2025. GAAP O.
Shares of BitMine Immersion Technologies Inc. (NYSE:BMNR) are trading higher Friday afternoon as crypto-linked equities rallied on mounting optimism surrounding U.S. digital asset regulatory legislation and sustained strength in underlying token prices.
BlackRock Inc. purchased a new stake in shares of Immersion Corporation (NASDAQ: IMMR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,441,162 shares of the software maker's stock, valued at approximately $16,527,000. BlackRock Inc. owned about 7.36% of Immersion as of
Bitmine Immersion Technologies is an investor in Ethereum, and the cryptocurrency's price rose last month. The holding company recently took out preferred stock to finance its business plans.
Despite a challenging macroeconomic environment, a few companies in the Zacks Computer-Peripheral Equipment industry, including LOGI, IMMR and TACT, are worth watching due to their end-market strength.
Bitmine Immersion Technologies offers asymmetric risk-reward as a digital asset treasury proxy, now trading at ~1.18x–1.20x P/B with downside cushioned by liquid assets. BMNR's MAVAN staking infrastructure generates $367M–$390M+ in annualized pretax income at 87%–97% gross margins, supporting preferred dividends and share buybacks. With dilution largely behind, BMNR nears its 6M ETH accumulation target, positioning for NAV accretion and institutional inflows post-NYSE uplisting and Russell 1000 inclusion.
Bitmine Immersion Technologies Inc (NYSE:BMNR) stock is surging on Thursday following updates regarding its Ethereum (CRYPTO: ETH) treasury strategy. The move comes after it disclosed its portfolio and nears its goal of acquiring 5% of the global circulating Ethereum supply.