Bitmine Immersion Technologies Declares Seventeen Cash Dividends on 9.50% Series A Perpetual Preferred Stock
Key Takeaways
- •Bitmine's Board of Directors declared seventeen cash dividends on the company's 9.50% Series A Perpetual Preferred Stock, which is listed on the NYSE under the symbol BMNP.
- •The dividends will be paid in cash in accordance with the Certificate of Designations, with the record dates, payment dates and per-share amounts set out in the company's announcement.
- •The Series A Preferred has no maturity date and a fixed 9.50% annual dividend rate, so the dollar distribution per share is not tied to the price of Ethereum, Bitcoin, or either of Bitmine's two NYSE-listed share classes.
- •A single board resolution covering seventeen payments consolidates what would normally be a series of individual dividend declarations into one multi-period schedule.
- •Bitmine is a blockchain infrastructure company describing itself as the world's leading Ethereum Treasury company, with operations spanning institutional staking and validation services, bitcoin mining, and strategic digital asset management.
Bitmine Immersion Technologies, Inc. (NYSE: BMNR; BMNP) ("Bitmine" or the "Company") announced that its Board of Directors has declared seventeen cash dividends on the Company's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), which is listed on the New York Stock Exchange under the trading symbol "BMNP."
The dividends will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The record dates, payment dates, and per-share amounts for each dividend are set forth in the Company's announcement. A record date is the cutoff by which a shareholder must be on the company's register to be eligible for a given payment, with cash disbursed on the corresponding payment date. Preferred dividends are commonly declared one period at a time, so a single board resolution covering seventeen payments consolidates what would otherwise be a series of individual declarations into one multi-period schedule.
Because the Series A Preferred is perpetual, it has no maturity date and carries a fixed, stated dividend rate—9.50% per annum—so the dollar distribution per share is not tied to the price of Ethereum, Bitcoin, or either of Bitmine's listed share classes. Preferred stock also customarily ranks ahead of common shares in dividend priority, a distinction underlying the Company's two NYSE lines: BMNR for the common equity and BMNP for the preferred. Absent a maturity date, the cadence of payments rests on the Board's declarations under the Certificate of Designations rather than on a redemption schedule.
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 treasury-company approach—running a publicly traded vehicle that accumulates a single digital asset as a corporate reserve—was brought to scale in the public markets by corporate Bitcoin holders such as Strategy (formerly MicroStrategy), and Bitmine applies a parallel structure to Ethereum. 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.
Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. Bitmine'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:
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 in this press release that are not purely historical are forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding the Company's dividend payments on the Series A Preferred.
In evaluating these forward-looking statements, various factors should be considered, including: Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; 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 pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; 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 on the SEC's website 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.