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Benzinga
Benzinga
Business
Henry Khederian

Bitmine Immersion Technologies (BMNR) Stock Is Sliding: What's Going On?

BMNR BitMine Immersion Benzinga Edge
People Are Bitcoin Rich But Fiat Poor, Says Saylor

BitMine Immersion Technologies Inc (NYSE:BMNR) shares are trading lower Monday morning after the company announced the pricing of a $365.24 million registered direct offering.

What To Know: The company is selling approximately 5.22 million shares of common stock at $70.00 per share, a 14% premium to the closing price on September 19th. The offering also includes warrants to purchase up to 10.4 million shares at an exercise price of $87.50 per share.

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