Bitmine Immersion Technologies Acquires Pier Two Holdings

Details

completed the acquisition of all issued and outstanding shares of Pier Two Holdings Pty Ltd, an Australian company providing high-performance hybrid cloud and bare metal infrastructure for non-custodial staking for Ethereum and other supported digital assets. The acquisition was financed through a combination of cash, shares of Bitmine's common stock, deferred consideration, and potential earnout consideration. Additionally, Bitmine issued 501,545 shares of its common stock to the sellers as part of the transaction, which were issued to accredited investors under an exemption from registration. The transaction has been approved by the Board of Directors of Bitmine.

Items reported