Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from BitMine Immersion Technologies ( (BMNR) ).
On July 8, 2025, BitMine Immersion Technologies entered into a consulting agreement with Ethereum Tower LLC to manage its digital asset treasury, focusing on accumulating Ethereum (ETH) through various decentralized finance activities. The company retains control over its assets, while the consultant manages operations to maximize ETH holdings. Additionally, BitMine announced the closing of a $250 million private placement on July 9, 2025, to support its Ethereum treasury strategy, marking a significant milestone in its operations. This initiative aims to strengthen the Ethereum ecosystem and enhance shareholder returns by adopting ETH as the primary treasury reserve asset.
More about BitMine Immersion Technologies
BitMine Immersion Technologies is a company focused on Bitcoin and Ethereum networks, specializing in the accumulation of cryptocurrencies for long-term investment. Its business lines include Bitcoin mining, synthetic Bitcoin mining, hashrate as a financial product, and advisory services related to Bitcoin. The company operates in low-cost energy regions such as Trinidad and Texas.
Average Trading Volume: 4,944,417
Technical Sentiment Signal: Buy
Current Market Cap: $662.4M
For detailed information about BMNR stock, go to TipRanks’ Stock Analysis page.