Bitmine raises $365M in registered direct offering at $70/share, 14% premium to close

BITMINE IMMERSION TECHNOLOGIES, INC.

Offering of 5,217,715 shares at $70.00 per share and warrants for 10,435,430 shares at $87.50.
Gross proceeds of ~$365M; potential additional ~$913M from warrant cash exercises.
Net proceeds to be used to acquire Ether (ETH) and for general working capital.
Premium of 14% to September 19 closing price of $61.29; offering expected to close Sept 23.
Moelis & Company acted as sole placement agent; legal counsel Winston & Strawn.

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