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BitMine Immersion Technologies to launch a $300 million preferred stock offering. The initiative, led by Tom Lee, coincides with an industry shift towards alternative funding opportunities.
BitMine Immersion Technologies is unveiling a $300 million preferred stock offering, guided by Fundstrat's Tom Lee. The company is issuing 3 million shares of Series A Perpetual Preferred Stock, featuring a 9.5% annual dividend rate. The offering comes amid a search for new funding sources by crypto treasury firms. The shares will be listed on the NYSE under ticker BMNP, pending approval.
Company Information
Company
BITMINE IMMERSION TECHNOLOGIES
Location
Atlanta, Georgia, United States
About
100% Immersion Cooled Bitcoin Mining & Hosting Company. We have an initial 50 Megawatts of available hosting Capacity, with active discussions to secure hundreds of additional Megawatts across North America and the Caribbean. We are aggressively pursuing Carbon Neutrality by the end of 2024. We seek to set the new standard in the industry for both responsibility and stewardship.
AtlantaInformation TechnologyFinancial ServicesCryptocurrency