BitMine Immersion Announces $365.24 Million Registered Direct Offering with Institutional Backing

BitMine Immersion Announces Major Offer

BitMine Immersion Technologies, a notable player in the Bitcoin and Ethereum sectors, has recently unveiled its decision to proceed with a Registered Direct Offering (RDO) amounting to $365.24 million, pricing shares at $70 each. This offering, which involves approximately 5.22 million shares and about 10.4 million warrants at an exercise price of $87.50, illustrates the company's ambitious goal to bolster its long-term investment strategies in cryptocurrencies.

The pricing reflects a 14% premium over BitMine's stock closing price on September 19, 2025, suggesting strong institutional interest in the company’s potential. Leading this offering is a coalition of prominent institutional investors, notable among them being Cathie Wood from ARK Invest and other significant firms such as Pantera Capital and Galaxy Digital. These investors are pivotal in supporting BitMine’s objective of acquiring 5% of Ethereum, a goal that aligns with the growing confidence in Ethereum's future amidst increasing market adoption.

Significant Backing from Institutional Investors

Thomas Lee, the company’s chairman, highlighted that BitMine’s offering not only raises substantial funds but also caters to existing shareholders' interests, given the improved pricing strategy. He remarked on the eager response from institutional players, reinforcing the perception of BitMine as a leading American large-cap stock providing direct exposure to Ethereum investments.

In the details of the offering, the warrants can be exercised in full or partially until March 22, 2027, offering an additional upside potential to existing and new investors. The overall gross proceeds anticipate reaching about $365.24 million, barring placement agent fees and other probable costs, with the potential revenue from the warrants estimated at an astounding $913 million. Combined, this could lead to a total revenue figure nearing $1.28 billion through the stock offering and the subsequent warrant exercise.

A Bright Future for BitMine

Lee expressed optimism regarding this capital raise, indicating that it positions BitMine favorably in the ever-evolving cryptocurrency landscape. As various institutional investors continue to show increasing confidence in both Bitcoin and Ethereum, BitMine is poised to leverage this trend for future expansions. He noted, “The response from institutional investors indicates their strong belief in our execution and future strategies.”

The anticipated completion date for this offering is around September 23, 2025, contingent upon typical closing conditions being satisfied. The company also announced that Moelis & Company LLC is serving as the sole placement agent for this offering, while Winston & Strawn LLP offers legal counsel to BitMine.

Risks and Future Statements

It is important to consider that this announcement includes forward-looking statements fraught with risks and uncertainties. Factors affecting success include the ability of BitMine to keep pace with evolving technologies and market demands, as well as the fluctuating values of cryptocurrencies. Therefore, investors should approach these statements with caution and consult BitMine's filings with the SEC for detailed analysis.

As BitMine continues its journey in this competitive crypto space, it remains focused on sustainable growth and appealing investment strategies, backed by institutional faith and market readiness.

About BitMine
BitMine specializes in Bitcoin and Ethereum networks, promoting long-term crypto investments through a combination of mining activities and capital-raising initiatives. Their operations, located in areas with low energy costs, aim to maximize profitability while remaining aligned with evolving market needs and investor expectations.