BMNR BITMINE IMMERSION TECHNOLOGIES, INC.
Price Chart
Executive Summary
Bitmine Immersion Technologies is offering 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock at $80.00 per share, raising approximately $273.8 million in net proceeds. The preferred stock carries a $100 stated amount, pays cumulative weekly dividends at 9.50% per annum, and is redeemable at the company's option at premiums starting at 110%. Proceeds will be used for general corporate purposes including ETH acquisition and staking infrastructure expansion. Listing on the NYSE under ticker BMNP is pending within 30 days of issuance.
Actionable Insight
Monitor the initial trading of BMNP on the NYSE within 30 days; the 9.5% yield relative to prevailing interest rates and the company's ability to sustain dividends through staking revenue will determine the preferred stock's market value. The $273.8M capital raise supports the ETH accumulation strategy but adds fixed dividend obligations.
Key Facts
- Offering: 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock at $80.00 per share
- Net proceeds to company: approximately $273.8 million
- Stated Amount and initial liquidation preference: $100 per share
- Dividends: cumulative at 9.50% per annum on stated amount, payable weekly if declared
- Redemption: company may redeem at 110% of stated amount until Dec 2027, 105% until June 2029, then 100%
- Listing: applied to NYSE under symbol BMNP, trading expected within 30 days of issuance
- Settlement: June 10, 2026 (T+3)
- Underwriters: Moelis & Company and Cantor Fitzgerald
Financial Impact
$273.8 million net proceeds added to cash and equivalents
Risk Factors
- Potential inability to pay dividends due to ETH price decline or staking yield compression
- No established trading market yet; listing approval not guaranteed
- Dilution of common equity if proceeds used for share repurchases as permitted
- High 9.5% dividend rate creates fixed cash outflow
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-027521 |
| Exhibit: ex107.htm | 0001493152-26-027521 |
| Document: 0001493152-26-027521-index-headers.html | 0001493152-26-027521 |
| Document: 0001493152-26-027521-index.html | 0001493152-26-027521 |
| Document: 0001493152-26-027521.txt | 0001493152-26-027521 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
8-K
| $16.09 awaiting T+1 | awaiting T+1 | — | $16.11 (+0.12%) |
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $15.50 awaiting T+1 | awaiting T+1 | — | $16.11 (+3.94%) |
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $15.50 awaiting T+1 | awaiting T+1 | — | $16.11 (+3.94%) |
|
Jun 10, 2026
2d ago
|
8-K
| $15.64 awaiting T+1 | awaiting T+1 | — | $16.11 (+3.04%) |
|
Jun 8, 2026
4d ago
|
8-K
| $16.65 awaiting T+1 | awaiting T+1 | — | $16.11 (−3.24%) |
|
Jun 5, 2026
7d ago
|
424B5
| $16.04 awaiting T+1 | awaiting T+1 | — | $16.11 (+0.44%) |
|
Jun 3, 2026
9d ago
|
424B5
| $17.89 $15.90 | ▼ −11.12% | ▼ −8.55% | $16.11 (−9.95%) |
|
Jun 2, 2026
10d ago
|
8-K
| $16.90 $17.89 | ▲ +5.86% | ▲ +5.45% | $16.11 (−4.67%) |
|
Jun 1, 2026
11d ago
|
8-K
| $18.85 $17.97 | ▼ −4.67% | ▼ −4.81% | $16.11 (−14.54%) |
|
May 26, 2026
17d ago
|
8-K
| $19.20 $18.82 | ▼ −1.98% | ▼ −1.99% | $16.11 (−16.09%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access