Bitmine Declares Initial Dividends and NYSE Listing for Series A Preferred Stock
Summary
Bitmine Immersion Technologies announced the initial cash dividends and NYSE listing for its 9.50% Series A Perpetual Preferred Stock, following the pricing of the offering on June 5, 2026.
Key Events
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Initial Preferred Stock Dividends Declared
The Board declared an initial cash dividend of $0.316667 per share, payable on June 22, 2026, for the 9.50% Series A Perpetual Preferred Stock. A second weekly dividend of $0.105556 per share is also declared, payable on June 26, 2026.
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Series A Preferred Stock to List on NYSE
The Series A Preferred Stock has been approved for listing on the New York Stock Exchange and is expected to begin trading under the ticker symbol "BMNP" on June 16, 2026.
Analysis
This 8-K finalizes the operational details for Bitmine's 9.50% Series A Perpetual Preferred Stock, which was previously priced at $273.8 million on June 5, 2026. The declaration of initial cash dividends and the approval for NYSE listing under the symbol "BMNP" provide clarity and liquidity for preferred shareholders, completing the execution of this capital raise.
At the time of this filing, BMNR was trading at $16.15 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $9.2B. The 52-week trading range was $3.92 to $161.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.