Bitmine plans 3,000,000-share offering of 9.5% Series A perpetual preferred stock

BitMine Immersion Technologies

BitMine Immersion Technologies

BMNR

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  • Bitmine Immersion Technologies disclosed plans for a registered public offering of 3,000,000 shares of 9.5% Series A perpetual preferred stock.
  • Preferred shares carry a $100 stated amount; cumulative dividends accrue at a fixed 9.5% annual rate; cash dividends intended weekly in arrears.
  • Issuer redemption terms step down over time: 110% of stated amount within 18 months, 105% from 18 months to 3 years, 100% thereafter.
  • Proceeds earmarked for general corporate purposes, including additional ETH purchases, staking and validator infrastructure expansion, working capital, strategic investments, share buybacks.
  • NYSE listing sought under ticker BMNP; trading expected within 30 days of the initial issuance, subject to approval.


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: 202606041954PR_NEWS_EUPR__ES_SE75718) on June 04, 2026, and is solely responsible for the information contained therein.

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