BitMine Immersion Technologies, Inc. 9.5% Series A Perpetual Preferred Stock

About BitMine Immersion Technologies, Inc. 9.5% Series A Perpetual Preferred Stock

BitMine Immersion Technologies is building a cryptocurrency treasury business centered on accumulating Ethereum, with staking yields through MAVAN and a reported crypto-and-cash pile of approximately $9.6 billion. It also has an immersion-technology identity, but the supplied evidence does not quantify revenue from equipment, services, or any operating segment. The company makes money primarily through the potential appreciation and staking income of its digital-asset holdings rather than disclosed conventional sales; FY2025 reported revenue is $0.0 billion and net income is $0.3 billion. Its shareholders and capital providers are the principal identified stakeholders, while current customer categories and segment contributions are not disclosed.

Notable Price Movement

1. Aug 3-7$89.300.34%

   BMNP rose $0.67, or 0.76%, from $88.47 to $89.14 over the reported week. Trading was nearly flat initially, with closes of $88.40 on July 29 and $88.55 on July 30, before a larger-volume move to $89.00 on July 31. The preferred stock then held that level on August 3 and edged up to $89.14 on August 4, with volume near 40,000 shares. The supplied evidence identifies no company-specific announcement or analyst action for BMNP during the week, so the modest gain appears to reflect stable preferred-share trading rather than a clearly documented catalyst. The broader company context remained its preferred offering and Ethereum treasury expansion, but neither is dated to this period.

   8 sources

Stories & Analysis

BitMine Preferred Stock Lists Tuesday As ETH Nears Worst H1Stocktwits · Sep 13Bitmine (BMNP) now holds 4.9% of Ethereum — but how big is that bet?Stock Titan · Sep 8Bitmine Immersion Technologies Announces Record and Payment Dates for Cash Dividends on 9.50% Series A Perpetual Preferred StockEastern Progress · Sep 7Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.62 Million Tokens, and Total Crypto and Total Cash Holdings of $10.4 BillionYellow.com · Sep 7Consensus Price Target for Bitmine Immersion Technologies, Inc. - Preferred Security (BMNP) Decreased by 47.66% to $105.96Fintel · Sep 1Bitmine (NYSE: BMNR) stakes millions of ETH for nine-figure yearly rewardsStock Titan · Aug 31Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.90 Million Tokens, and Total Crypto and Total Cash Holdings of $15.6 BillionNasdaq · Aug 31BMNR Stock Price and Chart — NYSE:BMNRTradingView · Aug 25