Bitmine Immersion Technologies Announces Pricing of Upsized Series A Perpetual Preferred Stock Offering

Bitmine Immersion Technologies priced an upsized Series A Perpetual Preferred Stock offering of 3.5 million shares at $80 per share, raising approximately $273.8 million in net proceeds. The 9.50% dividend preferred stock is expected to list on NYSE under ticker BMNP. The company plans to use proceeds for acquiring digital assets, expanding Ethereum staking infrastructure through MAVAN, and strategic investments in the digital asset ecosystem.