US stock BMNR rose more than 2944% in the week

According to market data, the US stock Bitmine Immersion (BMNR) rose to 121.98%, and is now quoted at $129.86, a weekly increase of more than 2944%.
Bitmine Immersion (BMNR) previously announced the completion of a large private equity financing of $250 million, which was mainly used to increase its holdings of Ethereum and plan to use it as a core reserve asset, while continuing to maintain the main business of bitcoin mining.