ARK Invest Acquires $182 Million of BitMine Immersion Shares

Summary

On July 22, 2025, Bitmine Immersion Technologies, Inc. announced that ARK Invest acquired $182 million worth of its common shares as part of a previously announced at-the-market offering program. BitMine plans to use the net proceeds of $177 million to acquire ETH, with support from notable investors including Cathie Wood's ARK Invest, Cathie Wood, MOZAYYX, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.