A Bitcoin mining company just raised nearly $274 million by selling preferred stock on the New York Stock Exchange. And it plans to spend the money buying Ethereum.
Bitmine Immersion Technologies (NYSE: BMNR) launched trading of its Series A Perpetual Preferred Stock under the ticker BMNP on June 16, 2026, priced at $80 per share. The shares carry a 9.50% annual dividend based on a $100 liquidation preference, paid weekly in cash.
Inside the offering
The company completed an upsized public offering of 3.5 million preferred shares on June 10, 2026, generating approximately $273.8 million in net proceeds.
The initial dividend payment is set at $0.316667 per share for the period from issuance, with subsequent weekly dividends coming in at $0.105556 per share.
