Bitmine Immersion Technologies, Inc. issued 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock in a public offering on June 10, 2026. The offering was underwritten by Moelis & Company LLC and Cantor Fitzgerald & Co. The Series A Preferred Stock carries a $100 per share stated amount and accumulates cumulative dividends at an annual rate of 9.50%, payable weekly in arrears if declared by the board. The stock features a liquidation preference initially set at $100 per share, which is subject to periodic adjustments based on subsequent sale prices. The company maintains rights to redeem the shares under specific conditions, including a Clean-Up Call and Tax Redemption. Bitmine Immersion Technologies, Inc. provides digital asset mining and immersion technology services.
