BitMine stock falls 6% after filing to raise common stock to $24.5 billion

Description

BitMine Immersion Technologies’ stock price dropped over 6% Tuesday after it filed to increase its Common Stock to $24.5 billion. At the time of publication, the company’s stock is currently at $58.38. The firm filed a prospectus supplement with the Securities and Exchange Commission on August 12 to increase its at-the-market offering. It had filed a prior prospectus supplement on July 24 to increase its offerings from $2 billion to $4.5 billion. BitMine increases its Ethereum holdings BitMine (...