NYSEAM:BMNRSoftware
Bitmine Immersion Technologies (BMNR) Is Down 18.4% After Aggressively Expanding Its Ethereum Treasury And Staking Ambitions
In recent weeks, BitMine Immersion Technologies has expanded its Ethereum treasury to roughly 3.97 million ETH, outlined plans for its MAVAN staking rollout in early 2026, and confirmed the upcoming departure of CFO and director Raymond Mow, whose resignation was not tied to any operational disputes.
At the same time, Cathie Wood’s ARK Invest has been buying tens of millions of US dollars’ worth of BitMine shares during a sector downturn, effectively endorsing the company’s shift toward an...