BitMine Immersion gains after Cathie Wood's ARK acquires stake

Shares of crypto firm BitMine Immersion BMNR.A gain 2.8% to $40.67 premarket

U.S. tech investor Cathie Wood's ARK Invest acquires stock worth $182 mln in co, representing about 4.7 mln shares

BMNR to invest proceeds to buy ethereum - a cryptocurrency - in an advance to its ethereum treasury strategy

Co had announced a $250 mln private placement to initiate the treasury on June 30, sending its shares up nearly 700%

Palantir co-founder Peter Thiel had revealed a 9.1% stake in BMNR last week, becoming the top investor in co

As of last close, BMNR stands at a market cap of $2.04 bln with about 51.6 mln shares outstanding

Stock has soared over 400% YTD, till Monday's close