Key Highlights:

• Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
• Bitmine is 96% of the way to the 'Alchemy of 5%' in just 13 months
• In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, the largest such margin since July 2025, reflective of strengthening crypto fundamentals
• Bitmine repurchased 4.5 million common shares in the past week under its previously announced $4 billion share repurchase program
• Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
• Bitmine's Series A Preferred Stock trades on the NYSE under the symbol BMNP
• Bitmine has 4,917,189 staked ETH, representing $9.2 billion at $1,880 per ETH; MAVAN (Made in America VAlidator Network) serves as a premier Ethereum staking destination for BMNR and institutional investors
• Bitmine owns $61 million of Eightco (NASDAQ: ORBS), making it one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
• Bitmine's crypto + total cash holdings & marketable securities + "Moonshots" total $11.3 billion, including 5.8 million ETH tokens, total cash & marketable securities of $173 million, and other crypto holdings
• Bitmine remains backed by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee

NORWALK, Conn., Aug. 3, 2026 — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum network company focused on the accumulation of crypto for long-term investment, today announced total crypto + cash & marketable securities + "moonshots" holdings of $11.3 billion. The Company operates as a Digital Asset Treasury (DAT)—a publicly traded corporate model in which digital asset accumulation serves as the primary treasury strategy, analogous to the approach Strategy Inc. (formerly MicroStrategy) pioneered with Bitcoin beginning in 2020, but applied to Ethereum.

As of August 2, 2026 at 4:00 p.m. ET, the Company's holdings consisted of 5,797,813 ETH valued at $1,880 per ETH (per Coinbase, NASDAQ: COIN), 209 Bitcoin (BTC), a $180 million stake in Beast Industries, a $61 million stake in Eightco Holdings (NASDAQ: ORBS) (classified as "moonshots"), and total cash & marketable securities of $173 million. Bitmine's ETH holdings represent 4.8% of the total ETH supply of 120.7 million.

Market Outperformance and Share Repurchases

"In July, ETH outperformed the Nasdaq 100 by 2,500 basis points (or 25 percentage points). This is the largest outperformance since July 2025, and we believe it is reflective of the strengthening fundamentals of crypto. Last July (2025), ETH rose from $2,375 to $4,057 by the end of August," stated Thomas "Tom" Lee, Chairman of Bitmine.

"Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last year, sizable outperformance of ETH vs. QQQ (monthly) has typically been followed by Bitmine's shares outperforming ETH over the following month. Hence, Bitmine repurchased 4.5 million shares of common stock in the past week, as Bitmine's management team continues to view Bitmine shares as attractively valued," continued Lee.

"This past week's 4.5 million buyback brings our total common equity repurchases to over 16 million common shares. This buyback remains the largest ever executed by any Ethereum, Bitcoin, or crypto DAT (Digital Asset Treasury)," continued Lee. Since July 1, 2026, Bitmine has repurchased 16.1 million shares of common stock under the previously authorized $4 billion share repurchase program.

"Over the past week, we acquired 10,399 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

Bitmine's addition to the Russell 1000 Large-cap index on June 26, 2026, meanwhile, carries structural implications beyond market recognition: index inclusion typically triggers automatic buying by passive funds and ETFs that track Russell benchmarks, expanding the company's investor base among institutional index followers.

MAVAN Staking Platform and Staking Operations

On July 16, 2026, Bitmine released the latest Chairman's Message for July 2026, titled "ETH is the cure for the Uncanny Valley of Wealth."

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), an institutional-grade staking platform. Ethereum's transition to a proof-of-stake consensus mechanism—completed with the Merge in September 2022—made staking the network's primary mechanism for securing the chain and issuing rewards, creating the technical foundation on which MAVAN operates. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, the platform intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of August 2, 2026, Bitmine's total staked ETH stood at 4,917,189 ($9.2 billion at $1,880 per ETH). "Bitmine has staked more ETH than any other entity in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $291 million on an annualized basis (using 2.67% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $247 million. And this 4.9 million ETH is 85% of the 5.8 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.67% (annualized)," continued Lee.

Global Treasury Ranking and Trading Volume

Bitmine's crypto holdings rank as the #1 Ethereum treasury and the #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 843,775 BTC valued at approximately $57 billion. Bitmine remains the largest ETH treasury in the world.

Bitmine is among the most widely traded stocks in the United States. According to data from Fundstrat, the stock has traded an average daily dollar volume of $698 million (5-day average, as of July 31, 2026), ranking #180 in the U.S., behind Schlumberger NV (rank #179) and ahead of Marsh & McLennan (rank #181) among 5,704 U.S.-listed stocks (statista.com and Fundstrat research).

Regulatory Outlook

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 54 years ago. That 1971 event served as the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today—investments that ultimately proved to be better than gold.

The Chairman's message is available at

The Fiscal Full Year 2025 Earnings presentation and corporate presentation are available at

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries ("Bitmine" or the "Company") is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. During 2025, the Company expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X: https://x.com/bitmnr and https://x.com/fundstrat

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical are forward-looking statements involving risks and uncertainties, identifiable by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions.

This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the statement that Bitmine is 96% of the way to this goal; (ii) the Company's digital asset accumulation strategy and staking operations, including projected annualized ETH staking rewards of approximately $291 million when fully staked and current projected annualized staking revenues of approximately $247 million; (iii) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners; (iv) the Company's continued commitment to acquire ETH weekly under its ETH Treasury Strategy; (v) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as the 1971 ending of Bretton Woods and the USD gold standard; (vi) expectations regarding the $4 billion share repurchase program; (vii) management's belief regarding the correlation between ETH outperformance versus QQQ and Bitmine share performance; (viii) statements regarding the Company's investment in Eightco Holdings as providing indirect exposure to OpenAI; and (ix) the future growth and advancement of the Company's Ethereum treasury strategy.

In evaluating these forward-looking statements, investors should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, share repurchase activities, and proposed future business; the competitive environment; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements.

Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.