Bitmine Immersion Technologies has resumed share buybacks after a 10-week pause, purchasing 2.04 million shares for approximately $45.9 million. Chairman Tom Lee noted that cryptocurrencies have performed better than AI stocks during the recent market downturn, stating, "ETH has fallen 13% from its recent peak while US semiconductors ($SOXX) is down 20% in that same timeframe." The firm has spent nearly $400 million on share buybacks this year and continues to accumulate ether, albeit at a slower pace, with recent purchases bringing its total holdings to over 6 million ETH.