Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from BitMine Immersion Technologies ( (BMNR) ).
On September 22, 2025, BitMine Immersion Technologies announced a securities purchase agreement with an institutional investor to sell approximately 5.22 million shares of common stock at $70 per share and warrants for up to 10.4 million shares at $87.50 per share. This offering, which is expected to close on September 23, 2025, aims to raise approximately $365 million in gross proceeds, with the primary use of funds being the acquisition of Ether and general working capital. The stock sale price represents a 14% premium over the closing price on September 19, 2025, reflecting strong institutional investor interest and confidence in BitMine’s strategy to provide direct exposure to Ethereum.
The most recent analyst rating on (BMNR) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on BitMine Immersion Technologies stock, see the BMNR Stock Forecast page.
More about BitMine Immersion Technologies
BitMine Immersion Technologies is a Bitcoin and Ethereum Network Company focused on the accumulation of cryptocurrency for long-term investment. The company engages in Bitcoin mining, synthetic Bitcoin mining, and offers advisory and mining services. Its operations are located in low-cost energy regions such as Trinidad and Texas.
Average Trading Volume: 44,053,261
Technical Sentiment Signal: Buy
Current Market Cap: $10.63B
See more insights into BMNR stock on TipRanks’ Stock Analysis page.