BitMine plans to raise $300M through preferred stock sale
BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases and staking.
The shares would carry a $100 stated amount and 9.50% annual dividend.
The company has applied to list the shares on the NYSE under the ticker BMNP, with native ETH staking as its principal revenue source, holding 4.7 million ETH staked through its MAVAN platform as of May 25.