BitMine increases at-the-market offering to $24.5 billion

BitMine Immersion Technologies (OTC: BMNR) increased its at-the-market stock offering to $24.5 billion, according to a regulatory filing.

The company initially entered into a controlled equity offering agreement on July 9, 2025, with Cantor Fitzgerald & Co. and ThinkEquity LLC to sell up to $2 billion in common stock through an at-the-market offering.

On July 24, 2025, BitMine filed a prospectus supplement with the Securities and Exchange Commission to increase the offering to $4.5 billion. The company filed another supplement on August 12, 2025, further raising the amount to $24.5 billion.

The at-the-market offering allows the company to sell shares from time to time through the designated agents. The common stock has a par value of $0.0001 per share.

Winston & Strawn LLP provided a legal opinion regarding the legality of the share issuance and sale under the offering program.

You May Also Be Interested In

• Ferguson Enterprises to Join S&P 500; ADI Global Distribution to Join S&P SmallCap 600
• Flash Sports & Media Holdings (FLZH) filed for 62.67M share offering by selling stockholders
• Veraxa Biotech AG (VRXA) files for 25M share offering by selling stockholders