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Bitmine Immersion Technologies plans offering of 3,000,000 shares of 9.5% Series A perpetual preferred stock
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Bitmine Immersion Technologies plans offering of 3,000,000 shares of 9.5% Series A perpetual preferred stock
  • Bitmine Immersion Technologies announced a public offering of 3,000,000 shares of 9.5% Series A Perpetual Preferred Stock.
  • Proceeds earmarked for general corporate purposes, including potential purchases of additional ETH, staking and validator infrastructure expansion, working capital.
  • Series A Preferred Stock carries cumulative dividends at 9.5% annually on a stated amount of USD 100 per share, paid weekly in arrears when declared.
  • Issuer call feature set at 110% of stated amount for the first 18 months, 105% from 18 months to 3 years, 100% thereafter.
  • NYSE listing application filed for the preferred shares under the symbol BMNP; Moelis and Cantor named joint lead bookrunners.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606042004PR_NEWS_EUPR__NL_NL75718) on June 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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