5-6-2025 – BitMine Immersion Technologies, a leading Bitcoin mining firm, has successfully raised $18 million through a public offering of 2.25 million shares at $8 each. The company has committed to using the net proceeds to acquire Bitcoin, signalling a strategic push to expand its crypto reserves amid a dynamic market landscape.
Public offering reflects Bitcoin-focused strategy
The capital raise aligns with BitMine’s long-term objective of growing its cryptocurrency holdings. By allocating funds directly to Bitcoin acquisition, the company reinforces its bullish stance on the digital asset’s future as a core part of its balance sheet and operational focus.
NYSE American listing begins June 5
In a key development, BitMine has received approval to list its shares on the NYSE American exchange, under the ticker symbol ‘BMNR’, starting June 5. This move represents a significant upgrade from its previous listing on the OTCQX market, enhancing visibility and access to institutional investors.
The NYSE American listing is expected to boost investor confidence, broaden shareholder exposure, and improve liquidity in BMNR shares.
Transition marks new chapter for BitMine
The transition from OTCQX to NYSE American is a milestone that reflects BitMine’s growth ambitions and maturity as a publicly traded entity.
