PRNewsWire
03 Jun 2026, 21:49 UTC · 1h ago
Bitmine Immersion Technologies Announces Proposed Series A Perpetual Preferred Stock Offering
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PRNewsWire
03 Jun 2026, 21:49 UTC · 1h ago
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The company intends to use net proceeds for the acquisition of additional ETH and other digital assets, and the expansion of staking and validator infrastructure. — Direct investment into ETH and infrastructure expansion suggests a bullish growth strategy tied to the Ethereum ecosystem.
+0.40Bitmine Immersion Technologies (BMNR) proposes a public offering of 3,000,000 shares of 9.50% Series A Perpetual Preferred Stock. — Public offerings of preferred stock typically signal a need for capital and can create overhead via fixed dividend obligations.
-0.30Proceeds from the offering may be used for repurchases of the company's common stock under its share repurchase program. — Stock buybacks generally support common share prices by reducing outstanding supply.
+0.20Ticker attribution
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The company is raising capital through a preferred stock offering to expand its infrastructure and acquire more digital assets.
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