BitMine Immersion Technologies (NYSE American: BMNR) has closed a $250 million private placement, funded in cash and crypto, to support its Ethereum-focused treasury strategy. Led by MOZAYYX, with participation from Founders Fund, Pantera, Kraken, Galaxy Digital and others, the funding will be used to acquire ETH as BitMine’s primary treasury reserve asset. The move positions the company to engage in protocol-level activities such as staking and decentralized finance. Chairman Tom Lee and CEO Jonathan Bates said the strategy aims to increase ETH held per share and generate shareholder returns through reflexive value gains and expanded ETH exposure.
To view the full press release, visit https://ccw.fm/heUUC
About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad ; Pecos, Texas ; and Silverton, Texas.
For more information, visit the company’s website at https://bitminetech.io/
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