TechFlow, August 12 — According to a supplementary filing to the prospectus, Bitcoin mining company BitMine Immersion Technologies plans to issue additional ordinary shares, aiming to raise up to $20 billion. The company has previously raised approximately $4.499 billion through sales agreements.
BitMine stated that it primarily engages in Bitcoin mining operations and has recently initiated an Ethereum financial management strategy. The company intends to raise funds through issuing ordinary shares, fixed-income instruments, and other means, to purchase Bitcoin and Ethereum and expand its mining operations. The company operates data centers using immersion cooling technology and offers "Mining-as-a-Service" (MaaS) to clients.
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