Bitmine Immersion Technologies Prices $273.8M Preferred Stock Offering

Bitmine Immersion Technologies, Inc. priced an upsized underwritten offering of 3,500,000 shares of its 9.50% Series A Perpetual Preferred Stock at $80.00 per share, expecting to raise approximately $273.8 million in net proceeds. The offering, scheduled to settle on June 10, 2026, will fund general corporate purposes, including acquiring digital assets, expanding staking infrastructure, working capital, strategic investments in the Ethereum ecosystem, and common stock repurchases. The Series A Preferred Stock will pay cumulative weekly dividends and has specific redemption and liquidation preference terms.