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BitMine Immersion Technologies ( (BMNR) ) has shared an update.
On June 30, 2025, BitMine Immersion Technologies, Inc. entered into securities purchase agreements with accredited investors to raise funds through private placement offerings. The company plans to issue common stock and pre-funded warrants, with proceeds intended for acquiring Ethereum and investing in blockchain-related services. The offerings are exempt from registration under the Securities Act and involve a placement agency agreement with ThinkEquity. The company also agreed to certain restrictions on stock issuance and board composition changes, aiming to enhance its operations and market positioning.
More about BitMine Immersion Technologies
BitMine Immersion Technologies, Inc. operates in the cryptocurrency industry, focusing on blockchain validation services, blockchain lending services, and decentralized finance services. The company is involved in acquiring and managing cryptocurrency assets, particularly Ethereum, and is listed on the NYSE American.
Average Trading Volume: 3,544,168
Technical Sentiment Signal: Buy
Current Market Cap: $283.4M
Learn more about BMNR stock on TipRanks’ Stock Analysis page.