Soxx

Bitmine Immersion Technologies restarted share repurchases after a roughly 10-week pause, buying 2.04 million shares for about $45.9 million. The Ethereum treasury firm also added 10,452 ETH as Chairman Tom Lee framed the recent selloff as an opportunity and pointed to crypto’s relative strength versus AI-linked stocks.

The Nasdaq Composite traded lower as Nvidia’s expanded buyback authorization drew buyers into the stock while the broader semiconductor group weakened. Higher Brent crude and elevated Treasury yields kept pressure on technology shares ahead of key inflation, manufacturing and employment data.