ARK Invest Acquires $182 Million of BitMine Immersion (BMNR) Common Shares, Enabling BitMine to Further Advance its Ethereum Treasury Strategy

Group 1 - ARK Invest has acquired $182 million of BitMine equity, totaling 4,773,444 common shares [1] - BitMine plans to invest 100% of the net proceeds ($177 million) from the ARK sale to acquire Ethereum (ETH) [1] - BitMine aims to reach a target of acquiring 5% of ETH, supported by notable investors including Cathie Wood and others [1][3] Group 2 - BitMine is focused on Bitcoin and Ethereum network operations, including Bitcoin mining and advisory services [4] - The company's operations are strategically located in low-cost energy regions such as Trinidad and Texas [4]