BitMine Completes Public Offering and NYSE Listing

BitMine Immersion Technologies ( (BMNR) ) has issued an announcement.

On June 4, 2025, BitMine Immersion Technologies entered into an underwriting agreement with ThinkEquity LLC for a public offering of 2,250,000 shares of common stock, generating net proceeds of $16,150,000. The offering closed on June 6, 2025, and the company plans to use the proceeds to purchase Bitcoin. Additionally, BitMine’s stock was approved for listing on the NYSE American LLC stock exchange, with trading commencing on June 5, 2025. The company also announced the conversion of preferred stock into common stock by its executives and a debt restructuring agreement with Innovative Digital Investors Emerging Technology, LP.

More about BitMine Immersion Technologies

BitMine Immersion Technologies, Inc. is a Bitcoin Network Company focused on Bitcoin mining and synthetic Bitcoin mining through financial products. The company provides advisory and mining services to companies interested in earning Bitcoin-denominated revenues and offers general Bitcoin advisory to public companies. BitMine operates in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas.

Average Trading Volume: 28,097

Technical Sentiment Signal: Strong Sell

Current Market Cap: $15.49M

Learn more about BMNR stock on TipRanks’ Stock Analysis page.