Bitmine Immersion upsizes and prices $280M 9.50% Series A Perpetual Preferred offering

BITMINE IMMERSION TECHNOLOGIES, INC.

Offering upsized from 3M to 3.5M shares at $80.00 each; net proceeds ~$273.8M.
Dividends accrue at 9.50% on $100 stated value, payable weekly in arrears; compounded if unpaid.
Net proceeds to be used for ETH acquisition, staking/validator expansion (MAVAN), working capital, and share repurchases.
Redemption: 110% of stated amount within 18 months, 105% from 18 mos to 3 yrs, 100% thereafter.
Listing on NYSE under symbol BMNP expected within 30 days of issuance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BITMINE IMMERSION TECHNOLOGIES, INC. entered into Underwriting Agreement with Moelis & Company LLC and Cantor Fitzgerald & Co. valued at to release approximately $273.8 million, after deducting underwriting discounts and commissions and (effective 2026-06-04).

Action: entry
Agreement: underwriting
Counterparty: Moelis & Company LLC and Cantor Fitzgerald & Co.
Value: to release approximately $273.8 million, after deducting underwriting discounts and commissions and
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Bitmine Immersion Technologies, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Moelis & Company LLC and Cantor Fitzgerald & Co. (the “ Underwriters ”), relating to the issuance and sale in an underwritten offering (the “ Offering ”) of 3,500,000 shares (the “ Shares ”) of the Company’s 9.50% Series A Perpetual Preferred Stock, par value $0.0001 per share (the “ Series A Preferred Stock ”), at a public offering price of $80.00 per share.

View on SEC.gov

745 material agreements filed in the last 30 days. Browse all material agreements →

BITMINE IMMERSION TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-027502

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