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Benzinga
Benzinga
Business
Henry Khederian

BitMine (BMNR) Stock Soars As It Pivots To Ethereum Treasury, Appoints Tom Lee Chairman

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BitMine Immersion Technologies Inc (AMEX:BMNR) stock is continuing its upward momentum Tuesday, with shares climbing again following a massive rally on Monday. The surge comes on the heels of major strategic announcements that have investors buzzing.

What To Know: On Monday, the Bitcoin (CRYPTO: BTC) miner announced the pricing of a private placement, expecting to raise approximately $250 million. The company is selling over 55.5 million shares at $4.50 each in a deal led by MOZAYYX and including prominent investors like Founders Fund, Pantera and Kraken.

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