BitMine prices upsized 9.50% Series A preferred offering at $80 a share

BitMine priced 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock at $80.00 per share, upsized from 3,000,000 shares. Net proceeds were about $273.8 million, with settlement scheduled for June 10. The dividend accrues at 9.50% a year on a $100 stated amount, and the company applied to list the stock on the NYSE as BMNP.

• 3,500,000 preferred shares at $80.00 each, upsized from 3,000,000
• Net proceeds of about $273.8 million; settlement June 10, 2026
• 9.50% fixed dividend on a $100 stated amount
• Proceeds may fund ETH purchases, MAVAN, strategic investments or share buybacks