Bitmine Immersion Technologies ($BMNR) is pushing deeper into Ethereum (ETH)-linked infrastructure after pricing a $280 million Series A perpetual preferred stock offering with a 9.50% annual yield—capital the company says will be used entirely to expand its Ethereum-related business lines.
The company announced the pricing on Wednesday ET, describing the deal as a registered public offering under the U.S. Securities Act of 1933. According to materials distributed via PR Newswire, Bitmine is positioning the financing as a step beyond its legacy Bitcoin (BTC) mining operations, aiming to… Read more
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