Bitmine completes $18M public offering, uplists to NYSE American, begins bitcoin treasury with 100 BTC purchase

BITMINE IMMERSION TECHNOLOGIES, INC.

Raised $18M gross ($16.15M net) from sale of 2.25M shares at $8.00/share; over-allotment option for 337,500 additional shares.
Common stock began trading on NYSE American under ticker BMNR on June 5, 2025, uplisted from OTCQX.
Insiders converted Series A and B Preferred Stock into common shares at $0.20/share; IDI exchanged $1.6M of debt for a new promissory note and assignment.
Purchased 100 bitcoin using offering proceeds, first step in company's bitcoin treasury strategy.
ThinkEquity acted as sole book-runner; lock-up agreements of 90-180 days apply to insiders and 5% holders.

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