BitMine Immersion Technologies, Inc. announced the pricing of an underwritten public offering of 2,250,000 shares of its common stock at $8.00 per share. This offering is expected to generate gross proceeds of $18 million, before deducting underwriting discounts and offering expenses.
The company also announced that its common stock has been approved for listing on the NYSE American LLC stock exchange. Trading on NYSE American is expected to commence on June 5, 2025, under the trading symbol 'BMNR', with its OTCQX quotation ceasing concurrently.
BitMine intends to use the net proceeds from this offering to purchase Bitcoin, aligning with its strategy of accumulating digital assets for long-term investment. The offering is expected to close on June 6, 2025, subject to customary closing conditions.
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