Short-term trading view here. $BitMine Immersion Tech(BMNR.US) behaves like a sentiment ticker more than a traditional company. When crypto narrative heats up, volume spikes fast; when market risk-off, liquidity disappears equally fast.

So timing matters more than long-term valuation in my opinion. If they continue announcing treasury expansion or strategic moves, traders will treat it as catalyst-driven.

For long-term holders, need accept that price swings may be much bigger than underlying business changes.