{"id":693812,"date":"2025-10-09T08:35:10","date_gmt":"2025-10-09T05:35:10","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/bitmine-stocks-trade-choppy-after-kerrisdale-short-seller-report\/"},"modified":"2025-10-09T08:35:10","modified_gmt":"2025-10-09T05:35:10","slug":"bitmine-stocks-trade-choppy-after-kerrisdale-short-seller-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitmine-stocks-trade-choppy-after-kerrisdale-short-seller-report\/","title":{"rendered":"BitMine stocks trade choppy after Kerrisdale short seller report"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTAvMDE5OWM2ZjEtOThlMi03ZDM5LWEyZTctZGI5ZWRhOTk4Yzk5.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>BitMine stock saw major swings after the Ether treasury firm caught the ire of short seller Kerrisdale, which issued a scathing report on the company.<\/p>\n<p><p>Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital.<\/p>\n<p>Kerrisdale <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/www.kerrisdalecap.com\/wp-content\/uploads\/2025\/10\/Kerrisdale-BitMine-Immersion.pdf\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> in a report on Wednesday that Tom Lee\u2019s BitMine is \u201cchasing a model that is on its way to extinction,\u201d as it took a short position on the company, a bet that its stock would fall.<\/p>\n<p>Kerisdale argued BitMine\u2019s strategy of selling shares at a premium to purchase Ether (<a rel=\"nofollow\" target=\"_blank\" href=\"\/ethereum-price\">ETH<\/a>) and grow its token-per-share metric is no longer effective, and the company\u2019s value compared to its crypto holdings is narrowing.\u00a0<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitmine-stock-choppy-kerrisdale-short-seller-report?utm_source=rss_feed&#038;utm_medium=feed%3F_nocache%3D1759987811706%26cachebust%3Dtrue%26nc%3D1759987811706&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine stock saw major swings after the Ether treasury firm caught the ire of short seller Kerrisdale, which issued a scathing report on the company. Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale&#8230;<\/p>\n","protected":false},"author":1,"featured_media":693813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199c6f1-98e2-7d39-a2e7-db9eda998c99","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,75117,117,83227,70359],"class_list":["post-693812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-shares","tag-business","tag-companies","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/693812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=693812"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/693812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/693813"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=693812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=693812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=693812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}