Bitcoin Mining Company Bitmine Announces Plan to Raise $18 Million Through IPO to Purchase BTC

According to a report by Jinse Finance, Bitcoin mining company Bitmine announced a public offering of 2,250,000 shares of common stock at a price of $8.00 per share, totaling $18 million in fundraising. The offering is expected to close on June 6, 2025, subject to customary closing conditions. It is reported that the funds raised will be used to purchase Bitcoin. Additionally, Bitmine announced that its listing application has been approved and it will begin trading on the NYSE American under the ticker symbol "BMNR".