04:19 AM EDT, 06/05/2025 (MT Newswires) -- BitMine Immersion Technologies (BMNR) said late Wednesday it priced a public offering of 2.25 million common shares at $8 each for $18 million in gross proceeds.

Underwriters have a 45-day overallotment option to purchase up to 337,500 additional shares.

BitMine said it will use the net proceeds from the offering to purchase bitcoin. The offering is expected to close Friday.

The company said its shares have been approved for listing on the NYSE American, with trading set to begin Thursday under the ticker symbol BMNR.

In connection with the move, prices for its common stock will stop being quoted on the OTC Markets' OTCQX Best Market, BitMine said.