Bitmine Immersion Technologies, Inc. (BMNR) surged sharply in pre-market trading on Monday, June 30, 2025, with shares climbing 159.58% on $250M private placement announcement. The stock reached $11.25 compard to previous trading day’s closing price of $4.27.
The company announced the pricing and signing of a private placement for the purchase and sale of 55,555,556 shares of common stock. The common stock was priced at $4.50 per share. The expected aggregate gross proceeds from the transaction are approximately $250 million. The closing of the offering is expected to occur on or about July 3, 2025.
