BitMine is quickly becoming a leading force in the booming cryptocurrency mining industry. Most recently, it grabbed headlines when it placed a $250 million bet on Ethereum (ETH). This decree has brought about immense uproar from the crypto community. Some opponents praise it as a brilliant strategic masterstroke, while others...
In addition to this Ethereum treasury strategy, BitMine plans to strengthen it with a new $250 million private placement. This decision puts BitMine in line with other companies, such as SharpLink Gaming, taking Ethereum-based strategy to the next level. The company’s co-founder and CEO, Jonathan Bates, says that growth of...
BitMine jumping all-in on Ethereum with a $250 million private placement? It’s either the creative genius move of the year, or they’re soon going to find out just how costly that mistake could be. The smart market’s first reaction – a spike in the company’s stock price – indicates a...
BitMine Holdings’ recent move to prepare to jump in Ethereum with a $250 million private placement has the crypto community abuzz. Is this strategic genius, or are they flirting with disaster? That’d be like watching a bitcoin miner pull the rug and announce they’re now a vegan chef – shocking,...
BitMine, an upstart cryptocurrency miner, has been in the news lately due to a very public on-their-way-to-bankruptcy aggressive Bitcoin acquisition strategy. The firm plans to invest the entirety of its $16 million from the initial public offering directly into Bitcoin. This 100%-in approach has sparked a serious storm of controversy...
Okay, let's be honest. When you heard that BitMine Immersion Technologies put all $16.34 million from their recent offering directly into Bitcoin, what was your first thought? How did you feel hearing that news? Did that make you say to yourself, “Well played, fellas!” or did you spit-take your morning...
BitMine Immersion Technologies recently finished a $16.34 million common stock offering and claims to have sold out of newly issued common stock. Their first days funded with that capital, they dove right into the Bitcoin market amassing 154.167 BTC at an average price of $106,033 per coin. That's the headline....
