#USA #Ethereum #Norwalk #BitMine #BMNR

Bitmine Immersion Technologies Announces Series A Preferred Stock Offering

Date: June 5, 2026
Location: Norwalk, Connecticut

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a prominent player in the cryptocurrency mining sector, has recently revealed its intent to launch a Series A perpetual preferred stock offering. This move is subject to market conditions and aims to enhance the company’s capital structure as it seeks to solidify its standing within the digital asset ecosystem.

The company plans to offer 3 million shares of Series A preferred stock with a fixed dividend rate of 9.50% per annum. The proceeds from this offering are strategized for general corporate purposes, which include acquiring additional Ethereum (ETH) and expanding their staking and validation infrastructure, among other potential investments aligned with their growth objectives in the Ethereum ecosystem.

Strategic Utilization of Proceeds

Bitmine's decision to issue these preferred stocks is strategically aligned with its long-term vision of becoming a leader in the digital asset space, particularly focused on Ethereum. By acquiring more ETH and enhancing its staking capabilities, Bitmine intends to leverage the expanding market for digital currencies.

In addition to ETH acquisitions and infrastructure development, funds may also support general working capital and potential share buybacks, further indicating the company’s commitment to optimizing shareholder value. The preferred shares will accumulate cumulative dividends at the defined rate, providing shareholders with assured returns, thereby attracting more institutional investors.

Dividend and Redemption Features

The preferred shares will entitle holders to receive dividends on a weekly basis, provided these are declared by the board of directors of BMNR. In instances where dividends are not paid on scheduled dates, these will accumulate, leading to potential larger payouts in the future due to compounding. Remarkably, if regular dividends are not fulfilled, the rates set for these accumulated dividends could reach an annual maximum of 15%.

Bitmine retains the option to redeem the preferred shares at various defined points following their issuance, indicating flexibility to manage its capital structure as needed. The redemption prices are tiered across specified timeframes, demonstrating a structured approach that favors both the company and its investors.

Future Market Movements and Listing

The company is in the process of seeking approval to list the Series A preferred shares on the New York Stock Exchange under the symbol “BMNP.” Should the listing be approved, trading is expected to commence within 30 days following the initial issuance.

About Bitmine Immersion Technologies

Founded in the United States, Bitmine Immersion Technologies, Inc. is dedicated to becoming the leading Ethereum treasury company globally. Its innovative strategies concerning digital assets are aimed primarily at institutional investors and public market participants. The company is at the forefront of developing a dedicated validator network, MAVAN, and is committed to utilizing Ethereum as its main treasury reserve asset. The overarching philosophy of "The Alchemy of 5%" reflects its innovative approach to harnessing liquidity and capital in the rapidly evolving world of blockchain technology.

Conclusion

The Series A preferred stock offering represents a significant opportunity for Bitmine to capitalize on the growing interest in digital currencies and blockchain technologies. For potential investors, this offering not only promises attractive dividends but also positions them to partake in the burgeoning growth of Bitmine as it aims to reshape its financial and operational frameworks.

For further details on this stock offering and its implications for the market, copies of the prospectus are available via the SEC’s website. Bitmine encourages interested parties to participate in this exciting phase of the company's journey.

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For investor inquiries, please contact Moelis & Company or Cantor Fitzgerald.
Disclaimer: This announcement does not serve as an offer to sell or a solicitation to purchase any of the securities mentioned. The offering will be made solely via the detailed prospectus available through appropriate channels.