Cathie Wood's ARK Invest acquires $182M worth of equity stake in BitMine
Main Idea
Bitmine Immersion Technologies (NYSE:BMNR) shares rose after announcing a $182M investment from Cathie Wood's ARK Invest, acquiring 4.77M shares.
Key Points
1. Bitmine Immersion Technologies (NYSE:BMNR) shares increased by 2.86% pre-market to $40.70.
2. ARK Invest, led by Cathie Wood, invested $182M in BitMine.
3. ARK Invest acquired 4.77M shares of BitMine common stock.
Description
More on Bitmine Immersion Technologies Bitmine Immersion Gains Major New Supporter Bitmine Immersion: Capitalizing On Renewed Crypto Enthusiasm, Likely To End Badly Bitmine Immersion: $250 Million PIPE Redefines The Balance Sheet, But Valuation Looks Stretched Already
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