Bitmine Immersion Technologies announces a proposed offering of Series A perpetual preferred shares
Bitmine Immersion Technologies (NYSE: BMNR) announced its intention to offer up to 3 million Series A perpetual preferred shares with an annual dividend rate of 9.5%. The proceeds will be used for general corporate purposes, including the acquisition of ETH and other digital assets, infrastructure expansion via MAVAN, working capital needs, strategic investments aligned with Ethereum's ecosystem, broader adoption of digital assets, or share repurchases.
Tickers: $BMNR
Topics: capital raising dividend announcement preferred shares