Bitmine Immersion Technologies has priced its upsized Series A perpetual preferred stock offering at 3.5 million shares at $80 each, expecting to close on June 10, 2026, with net proceeds of approximately $273.8 million. The funds will be used for general corporate purposes including accumulating ETH and other digital assets, expanding staking and validation infrastructure, advancing plans via MAVAN, and strategic investments in the Ethereum ecosystem. The preferred shares carry a 9.50% annual dividend yield.
On June 5, 2026, Bitmine Immersion Technologies priced its upsized Series A perpetual preferred stock offering at 3.5 million shares and $80 per share, expecting to close on June 10. Net proceeds after expenses are estimated at $273.8 million. The preferred shares carry a fixed annual dividend yield of 9.50%.
The company will use the capital for general corporate purposes including accumulating ETH and other digital assets, expanding staking and validation infrastructure, advancing strategic realignment through MAVAN, working capital, common stock repurchases, and investments in the Ethereum ecosystem and digital asset adoption. The move underscores Bitmine's commitment to deepening its role in the digital asset infrastructure and Ethereum network.
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