BitMine Immersion Technologies announced today that its Board of Directors has approved a share repurchase program that will repurchase up to $1 billion worth of outstanding common stock in the company. The company has more than $401.40 million in unencumbered cash.
As of 10:45 p.m. ET on July 28, the company held a total of 625,000 tokens in ETH at a price of $3,755 per ETH and 192 tokens in Bitcoin at a price of $118,021 per BTC. As of July 28, there are currently 121,739,533 shares of fully diluted common stock outstanding. The combined net asset value (NAV per share) of cash and cryptocurrencies is $22.76.
BitMine Announces $1 billion Share Repurchase Program
2025-07-29 11:23:01
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