Bitmine Immersion Technologies BMNRFinancing
Bitmine raises about $365 million in a registered direct offering
Filed Sep 22, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On September 22, 2025 it agreed to sell 5,217,715 common shares to an institutional investor at $70.00 per share.
- It also issues a warrant to buy up to 10,435,430 shares at an exercise price of $87.50.
- Gross proceeds are about $365 million; net proceeds are intended to buy Ether and for working capital.
- The warrant can be exercised until March 22, 2027, and the offering is expected to close on September 23, 2025.
Items reported
- 1.01 Material agreement
- 7.01 Investor presentation
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.