Crypto firm Bitmine set to surge on pivot to ethereum treasury, new chair
ReutersJul 1, 2025 12:58 PM
Shares of crypto firm Bitmine Immersion Technologies BMNR.A surge 40.5% to $47.6 premarket
Co on Monday announced $250 million private placement to initiate ethereum treasury strategy; Thomas Lee to serve as chairman
Shares surged almost 700% to its highest since June 2023 on Monday, adding more than $180 mln in market cap, according to data compiled by LSEG
BMNR is the #2 trending ticker on retail investor forum and social media platform Stocktwits on Tuesday
As of Monday's close, stock has more than quadrupled in value YTD with a market cap of $208.8 mln
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