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BitMine Immersion Technologies ( (BMNR) ) has issued an announcement.
On June 28, 2025, BitMine Immersion Technologies expanded its Board of Directors by appointing Thomas Lee as a new director and Chairman, leveraging his extensive experience in equity research and investment. On June 30, 2025, the company announced a $250 million private placement to implement an Ethereum treasury strategy, positioning itself as a major publicly traded ETH holder. This strategic move aims to enhance BitMine’s asset-light business model and increase its treasury holdings, with implications for its operations and market positioning.
More about BitMine Immersion Technologies
BitMine Immersion Technologies is a Bitcoin and Ethereum Network Company focused on the long-term accumulation of cryptocurrency through Bitcoin mining operations and capital raising transactions. The company offers advisory and mining services and operates in low-cost energy regions such as Trinidad and Texas.
Average Trading Volume: 42,817
Technical Sentiment Signal: Strong Sell
Current Market Cap: $26.27M
For an in-depth examination of BMNR stock, go to TipRanks’ Overview page.