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BitMine disclosed plans to issue up to $20 billion in common stock.
[BitMine Discloses Plan to Issue Up to $20 Billion in Common Stock] According to supplemental documents from BitMine's prospectus, the Bitcoin mining company BitMine Immersion Technologies plans to issue up to $20 billion in common stock. The company had previously raised approximately $4.499 billion through sales agreements. BitMine indicates that the company is primarily engaged in Bitcoin mining and has recently launched an Ethereum financial management strategy. The company plans to raise funds through the issuance of common stock, fixed income instruments, and other means to purchase Bitcoin and Ethereum, as well as expand the scale of its mining operations. The company operates its data centers using immersion cooling technology and offers customers "Mining as a Service" (MaaS).