BitMine Switches to Ethereum With $250M Raise, Drops Bitcoin-Only Model

BitMine Immersion Technologies raised $250 million through a private placement to launch a new BitMine Ethereum treasury. The company sold 55,555,556 common shares at $4.50 each. The deal will close after NYSE American approves the Supplemental Listing Application. The $250M ETH raise marks a change in the BitMine crypto investment plan. MOZAYYX led the round. […]

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