BitMine Immersion Technologies Shares Fall 45% After Closing $250 Million Private Placement-March 2024-www.financetom.com

BitMine Immersion Technologies Shares Fall 45% After Closing $250 Million Private Placement

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BitMine Immersion Technologies Shares Fall 45% After Closing $250 Million Private Placement

Jul 9, 2025 8:52 AM

11:28 AM EDT, 07/09/2025 (MT Newswires) -- BitMine Immersion Technologies ( BMNR ) shares were down sharply Wednesday after the company said it closed a $250 million private placement, funded in a combination of cash and crypto.

The net proceeds will be used to buy ether (ETH-USD) to allow the company to adopt it as its primary treasury reserve asset, BitMine said.

Price: 60.36, Change: -51.14, Percent Change: -45.87

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