NYSEAM:BMNRSoftware
Why Bitmine Immersion Technologies (BMNR) Is Down 5.9% After Massive Ethereum Losses And ESOP Shelf Filing
In recent weeks, Bitmine Immersion Technologies filed a US$315.24 million shelf registration for 15,400,000 common shares linked to an ESOP offering, while also formalizing the without-cause departure of its president, Erik Nelson, under a separation agreement approved by the board on January 22, 2026.
These corporate actions arrive as Bitmine carries very large unrealized losses on an Ethereum position exceeding 3% of the token’s circulating supply, raising questions about its concentrated...