$BitMine Immersion Tech(BMNR.US)'s surge and fall from +7% to - is indeed very frustrating, especially when other crypto stocks are performing well. The post-market earnings report mostly disclosed information already covered in the weekly PR releases, with two points worth noting.

Total number of shares: As of April 13th, it was 537 million. At the current stock price, the mNAV is 0.96, which also proves that management has indeed been using cash to buy coins in the past period, without issuing additional shares at a negative premium.

Staking revenue: 10 million, which I think is a bit low. Based on the currently disclosed annualized yield of 2.87%, the existing staking amount would generate annual revenue of over 200 million. So, only making 10 million in the past quarter is indeed a bit low, probably because staking only started from zero at the end of December.

There's not much else. I still believe that before ETH breaks through 2.8k, the market won't give BMNR a premium. Until then, it will likely fluctuate between 0.9 and 1.

Whether BTC at 76k/ETH at 2.4k marks a peak in the rebound or a bull-to-bear transition may still require some observation. The fate of the clear bill will be decided in the next two weeks, and the window period before the mid-term elections is April and May, which will be decisive factors.