NYSEAM:BMNRSoftware
Should Bitmine’s Massive ETH Position and Share Expansion Plan Require Action From Bitmine Immersion Technologies (BMNR) Investors?
Bitmine Immersion Technologies recently reported first-quarter 2025 results showing revenue of US$2.29 million and a very large net loss of US$5,204.10 million, while also appointing Young Kim as CFO, COO and board member effective January 1, 2026.
At the same time, the company has amassed over 4.16 million ETH, about 3.45% of total supply, and is seeking approval to expand authorized shares to support further Ethereum accumulation and the planned MAVAN staking platform.
We’ll now examine...