Bitmine Immersion Technologies Declares Seventeen Cash Dividends on 9.50% Series A Perpetual Preferred Stock
Key Takeaways
- •Bitmine's Board of Directors has declared seventeen cash dividends on the company's 9.50% Series A Perpetual Preferred Stock, listed on the NYSE under the symbol BMNP.
- •The dividends will be paid in cash in accordance with the Certificate of Designations, with record dates, payment dates, and per-share amounts specified in the company's declaration.
- •The Series A Preferred Stock carries a 9.50% annual dividend rate, ranks ahead of common stock in dividend priority, and has no fixed maturity date.
- •Bitmine's common stock (BMNR) and preferred stock (BMNP) trade separately on the NYSE, enabling independent price discovery for the two classes.
- •Listed preferred equity remains a relatively uncommon financing tool among publicly traded digital-asset and crypto-treasury companies, which have more often relied on common-stock offerings, convertible securities, or debt.
(NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. (“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 of the seventeen dividends are set forth in the Company’s declaration.
For readers less familiar with the instrument, perpetual preferred stock occupies a distinct tier of a company’s capital structure: the Series A Preferred carries a stated 9.50% annual dividend rate, generally ranks ahead of common stock in dividend priority, and—because it is perpetual—has no fixed maturity date, with distributions governed by the Certificate of Designations for as long as shares remain outstanding. With Bitmine’s common stock (BMNR) and the preferred (BMNP) trading separately on the NYSE, the two classes allow independent price discovery for the Company’s common equity and its fixed-rate preferred dividend stream. Listed preferred equity also remains a relatively uncommon financing tool among publicly traded digital-asset and crypto-treasury companies, which have more often funded growth through common-stock offerings, convertible securities, or debt. Additional detail on the governing terms and related risk factors is available through Bitmine’s SEC filings, including the Form 10-K filed November 21, 2025.
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. Since 2025, the Company has 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.
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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.