Bitmine gets the green light to sell more stock

Core Viewpoint - Bitmine Immersion Technologies has received shareholder approval to increase its authorized shares, which provides the company with greater flexibility to raise capital amid current market conditions [1] Group 1: Company Actions - The approval allows Bitmine to potentially issue more shares, which could be used for capital raising initiatives [1] - The decision comes at a time when the company's stock price is declining, raising concerns among investors about possible dilution [1] Group 2: Market Context - The overall market is experiencing a downturn, with ether prices also sliding, contributing to investor anxiety regarding the implications of increased share issuance [1]