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BitMine Immersion Technologies ( (BMNR) ) has provided an update.
On June 17, 2025, BitMine Immersion Technologies announced the completion of its Bitcoin purchases for its treasury, using the proceeds from a recent public offering of common stock. The offering, which closed on June 6, 2025, generated approximately $16.340 million in net proceeds, all of which were invested in purchasing 154.167 Bitcoin at an average price of $106,033. This strategic move underscores BitMine’s commitment to investing in Bitcoin and enhancing its position in the cryptocurrency market.
More about BitMine Immersion Technologies
BitMine Immersion Technologies, Inc. is a technology company focused on accumulating Bitcoin for long-term investment, either through Bitcoin mining operations or capital raising transactions. The company offers Bitcoin mining, synthetic Bitcoin mining, hashrate as a financial product, advisory and mining services, and general Bitcoin advisory to public companies. Its operations are located in low-cost energy regions such as Trinidad, Pecos, Texas, and Silverton, Texas.
Average Trading Volume: 37,375
Technical Sentiment Signal: Strong Sell
Current Market Cap: $29.26M
For a thorough assessment of BMNR stock, go to TipRanks’ Stock Analysis page.