Bitcoin mining company BitMine Immersion Technologies plans to issue up to $20 billion in additional ordinary shares, according to a supplement to the BitMine prospectus. The company has previously raised about $4.499 billion through a sale agreement.
BitMine said the company is mainly engaged in bitcoin mining business, and recently launched an Ethereum financial management strategy. The company plans to raise funds through the issuance of common shares and fixed income instruments to buy bitcoin and Ethereum, and to expand the scale of mining operations. The company uses immersive cooling technology to operate data centers and provide customers with "mining as a service" (MaaS) business.
BitMine to Issue Up to $20 billion of Common Stock
2025-08-12 13:30:45
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