BitMine Immersion Technologies Announces 1-for-20 Reverse Stock Split

Summary

BitMine Immersion Technologies, Inc. announced a 1-for-20 reverse stock split of its common stock, effective May 16, 2025, to meet listing requirements for a potential listing on a national securities exchange. The reverse split was approved by the board of directors and the stockholders, and no fractional shares will be issued. Shareholders entitled to fractional shares will receive cash equivalent to the market value of their fractional shares. This event aims to enhance the company's market presence and improve its chances of being listed on a major exchange.