BitMine files to raise $300M via 9.5% preferred shares to expand ETH holdings

BitMine Immersion Technologies is pursuing a $300 million preferred stock offering designed to support its Ethereum-focused treasury and operations. The company said it plans to sell 3 million shares priced at $100 each, with a 9.5% annual dividend that would be paid in cash if declared by its board. It also indicated the preferred shares could be listed on the New York Stock Exchange, pending approval.