BitMine Immersion Technologies Completes Bitcoin Purchases from Public Offering Proceeds

Summary

On June 17, 2025, BitMine Immersion Technologies, Inc. announced that it completed the purchase of 154.167 Bitcoin using the net proceeds of approximately $16.340 million from its public offering, which closed on June 6, 2025. The Company spent $16.347 million to acquire these Bitcoins at an average price of $106,033 per Bitcoin. Jonathan Bates, the CEO, expressed excitement about establishing the Bitcoin Treasury. This press release is part of a Regulation FD Disclosure under Item 7.01.