BitMine Immersion Technologies, Inc. is trading 4.14% up at $17.60 after announcing a proposed 3,000,000-share Series A perpetual preferred stock offering.
- The company stated that proceeds from the offering may fund general corporate purposes, including additional ETH purchases and staking, which is driving positive sentiment.
- The stock is outperforming the broader crypto market, which has seen Bitcoin drop 2.65% and Ethereum fall 2.05% since the previous close.