BitMine Expands Ethereum Staking to 4.19M ETH as Michigan Pension Boosts Stake

BitMine Immersion Technologies ($BMNR) is accelerating its pivot away from Bitcoin mining toward Ethereum staking, a shift that is drawing fresh institutional interest and positioning the company as a sizable player in the proof-of-stake economy.

Shares of $BMNR closed at $21.88 on May 1 in New York (ET), up $0.48 (2.24%) from the prior close of $21.40. The stock traded between an intraday high of $22.09 and a low of $21.44, with volume reaching 29.36 million shares. The company’s market capitalization stood at approximately $12.19 billion, while its 52-week range spans from $3.92 to…  Read more

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