BitMine Files for $300M Preferred Stock Offering at 9.5% Yield to Expand ETH Treasury

BitMine Immersion Technologies (NYSE: BMNR) filed a preliminary prospectus with the SEC on Wednesday to raise up to $300 million through a new class of preferred stock carrying a 9.5% cumulative annual dividend paid weekly in cash. The structure mirrors the preferred-dividend instrument Strategy… Read the full story at The Defiant

.