BitMine Immersion Technologies NYSE: BMNR is deliberately weaponizing capital structure. Retail and institutional investors watched BitMine Immersion contract 15% from late-May highs, sending it down to $16 and below a $21.67 calculated book value.

Immersion remains a value play, trading ~26.4% below its estimated $9/share underlying value. IMMR's upside is now more tied to BNED's turnaround and ongoing equity investments, as patent monetization catalysts have weakened and patent portfolio value is uncertain. The company maintains strong liquidity, no debt, and a forward dividend yield near 4.5%, providing a moderate baseline return for patient investors.

NORWALK, Conn., June 18, 2026 /PRNewswire/ -- (NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.1056 on the Company's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), which is listed on the New York Stock Exchange under the trading symbol "BMNP".

BitMine Immersion Technologies NYSE: BMNR is deliberately weaponizing capital structure. Retail and institutional investors watched BitMine Immersion contract 15% from late-May highs, sending it down to $16 and below a $21.67 calculated book value.

Despite a challenging macroeconomic environment, few companies in the Zacks Computer-Peripheral Equipment industry, including LOGI, TBCH, IMMR and TACT, are worth watching due to their end-market strength.

Bitmine's Board of Directors declares initial cash dividends on the Company's 9.50% Series A Perpetual Preferred Stock Series A Preferred Stock approved for listing on the New York Stock Exchange under the symbol "BMNP" with trading expected to commence on Tuesday, June 16, 2026 NORWALK, Conn., June 12, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") announced today that its Board of Directors has declared the initial cash dividends on the Company's 9.50% Series A Perpetual Preferred Stock (CUSIP: 09175D 200) (the "Series A Preferred Stock").

Bitmine Immersion Technologies has been crushed with the Ethereum price collapse and sector-wide crypto panic. BMNR's treasury model leverages Ethereum for staking revenues and business growth, insulating operations from crypto price volatility compared to peers. The company projects annualized staking revenues at $258 million with ETH above $2,000, but recent price drops materially impact near-term revenue potential.

NORWALK, Conn., June 5, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (the "Company") today announced the pricing of its upsized offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), on June 4, 2026 of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), at a public offering price of $80.00 per share.

NORWALK, Conn., June 3, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR," "Bitmine" or the "Company") today announced that, subject to market and other conditions, it intends to offer, in a public offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), 3,000,000 shares of BMNR's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock").

At an enterprise value of $10.0 billion, investors are effectively buying $1.00 worth of Ethereum for just $0.92. Traditional metrics show massive GAAP losses due to new accounting rules requiring unrealized crypto price drops to flow through the income statement, masking the company's true operations. Gross margins from staking are robust (87%), with potential annual income of $380M if fully deployed, positioning BMNR for significant upside.