BitMine Prices 3.5M Preferred Shares at $80, Raising $273.8M With 9.5% Dividend

ETH-12.24%
BitMine Immersion Technologies priced a preferred stock offering Friday, raising approximately $273.8 million by selling 3.5 million shares of Series A Perpetual Preferred Stock at $80 per share. The preferred shares carry a 9.5% annual dividend rate and are expected to list on the NYSE under the ticker BMNP. The offering is set to close June 10. Proceeds will be used for Ethereum acquisitions, staking infrastructure funding through its MAVAN validator network, or common share buybacks.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments