BitMine Immersion Technologies announced an increase in the offering size of its 9.5% Series A perpetual preferred stock from 3 million shares to 3.5 million shares, at a price of $80 per share, with expected net proceeds of approximately $273.8 million, scheduled to close on June 10. The company stated that the proceeds will be used to increase holdings of ETH and other digital assets, expand staking and validation infrastructure (including the MAVAN network), and pursue strategic investments. The preferred stock has been approved for listing on the NYSE under the ticker symbol "BMNP." https://t.co/PlQh1f22mF
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