BitMine Immersion announces up to $1B stock repurchase program; NAV per share $22.76

BITMINE IMMERSION TECHNOLOGIES, INC.

Board approved repurchase of up to $1B of common stock; open-ended program.
Unencumbered cash $401.4M; ETH holdings 625k tokens ($2.35B), Bitcoin 192 coins.
Fully diluted shares 121.7M; combined NAV per share of cash and crypto is $22.76.
Chairman Tom Lee: 'best expected return of capital may be to acquire our own shares.'
Cantor Fitzgerald & Co. appointed as agent; commission $0.02 per share repurchased.

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