{"id":858432,"date":"2025-06-09T08:06:17","date_gmt":"2025-06-09T12:06:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-technologies-inc-buys-100-bitcoin-in-first-purchase-of-company-bitcoin-treasury-strategy\/"},"modified":"2025-06-09T08:06:17","modified_gmt":"2025-06-09T12:06:17","slug":"bitmine-immersion-technologies-inc-buys-100-bitcoin-in-first-purchase-of-company-bitcoin-treasury-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bitmine-immersion-technologies-inc-buys-100-bitcoin-in-first-purchase-of-company-bitcoin-treasury-strategy\/","title":{"rendered":"BitMine Immersion Technologies, Inc. Buys 100 Bitcoin in First Purchase of Company Bitcoin Treasury Strategy"},"content":{"rendered":"
\n

LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) — BitMine Immersion Technologies, Inc. (\u201cBitMine\u201d and the \u201cCompany\u201d) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has made a purchase of 100 Bitcoin for its Bitcoin Treasury business line. The Bitcoin were purchased from funds from BitMine\u2019s recent offering of shares of common stock, which closed on Friday, June 6, 2025.<\/p>\n

Jonathan Bates, BitMine CEO, stated, \u201cWe are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward.\u201d<\/p>\n

\n About BitMine<\/strong>\n <\/p>\n

BitMine is a Bitcoin Network Company with a focus on the accumulation of Bitcoin for long-term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine\u2019s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.<\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

This press release contains statements that constitute \u201cforward-looking statements.\u201d The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the expected use of proceeds of BitMine\u2019s recent securities offering, the potential benefits of the expected uses of those proceeds, and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine\u2019s ability to keep pace with new technology and changing market needs; BitMine\u2019s ability to finance its current business and proposed future business; the competitive environment of BitMine\u2019s business; and the price and availability of Bitcoin for potential future purchases. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine\u2019s control, including those set forth in the Risk Factors section of BitMine’s Form 10-K filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on April 3, 2025, as well as any other SEC filings, as amended or updated from time to time. Copies of BitMine’s filings with the SEC are available on the SEC’s website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n

\n Contact:
<\/strong>Jonathan Bates, Chairman and CEO
info@bitminetech.io<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) — BitMine Immersion Technologies, Inc. (\u201cBitMine\u201d and the \u201cCompany\u201d) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has made a purchase of 100 Bitcoin for its Bitcoin Treasury business line. The Bitcoin were purchased from funds from BitMine\u2019s recent offering of shares of common stock, which closed on Friday, June 6, 2025. Jonathan Bates, BitMine CEO, stated, \u201cWe are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward.\u201d About BitMine BitMine is a Bitcoin Network Company with … <\/p>\n

Continue reading “BitMine Immersion Technologies, Inc. Buys 100 Bitcoin in First Purchase of Company Bitcoin Treasury Strategy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-858432","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBitMine Immersion Technologies, Inc. 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