BitMine Immersion (BMNR) Announces Pricing of $365.24MM Registered Direct Offering At $70 per share

Core Viewpoint - BitMine Immersion Technologies has successfully raised capital through a securities purchase agreement, selling shares and warrants to institutional investors, indicating strong market support and confidence in the company's long-term strategy [1] Group 1: Capital Raise Details - BitMine sold approximately 5.22 million shares at a price of $70.00 per share, representing a 14% premium to the closing price on September 19, 2025 [1] - The company also issued approximately 10.4 million warrants with a strike price of $87.50 per share [1] Group 2: Institutional Support - BitMine is backed by a prominent group of institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee [1] Group 3: Strategic Goals - The capital raised will support BitMine's goal of acquiring 5% of Ethereum (ETH) [1]