BitMine Immersion Technologies Closes $250M Private Placement and Adopts Ethereum Treasury Strategy

BITMINE IMMERSION TECHNOLOGIES, INC.

Closed $250M private placement, funded in cash and crypto, to adopt ETH as primary treasury reserve asset.
Entered consulting agreement with Ethereum Tower LLC for ETH Treasury Strategy to accumulate and increase ETH holdings.
Ethereum Tower Instant LLC received warrants to purchase 5% of fully diluted common stock at $5.40 per share.
Sold 36,309,592 shares of common stock and 11,006,444 pre-funded warrants in cash offering at $4.50 per share.
Thomas 'Tom' Lee appointed Chairman of Board of Directors to oversee ETH treasury strategy.

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