Key Highlights:

• Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
• Bitmine is 96% of the way to its "Alchemy of 5%" goal, achieved in just 13 months
• In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, the largest outperformance since July 2025, which the Company attributes to 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 holds 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 offering indirect exposure to OpenAI
• Bitmine's combined crypto, total cash and marketable securities, and "moonshot" holdings total $11.3 billion
• Bitmine is backed by institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas "Tom" Lee, supporting the Company's goal of acquiring 5% of the ETH supply

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NORWALK, Conn., Aug. 3, 2026 — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum network company focused on long-term crypto accumulation, announced that its combined crypto, total cash and marketable securities, and "moonshot" holdings total $11.3 billion.

Bitmine operates as a Digital Asset Treasury (DAT) company — a publicly listed corporate model in which digital assets, rather than traditional cash or short-term securities, serve as the primary reserve held on the balance sheet. The DAT approach, popularized by companies such as Strategy Inc. (formerly MicroStrategy) with Bitcoin, has expanded across the crypto sector as more firms adopt ETH or BTC as core treasury assets.

As of August 2, 2026 at 4:00 p.m. ET, the Company's crypto 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 and marketable securities of $173 million. Bitmine's ETH holdings represent 4.8% of the total ETH supply of 120.7 million.

ETH Performance and Share Repurchases

"In July, ETH outperformed the Nasdaq 100 by 2,500bp (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," Lee continued.

"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)," Lee added. 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.

Chairman's Message and MAVAN Launch

On July 16, 2026, Bitmine released its latest Chairman's Message for July 2026, titled "ETH is the cure for the Uncanny Valley of Wealth." The message can be found at

Earlier in 2026, Bitmine launched MAVAN (Made in America VAlidator Network), an institutional-grade staking platform. Ethereum has operated on a proof-of-stake consensus mechanism since The Merge in September 2022, which replaced energy-intensive mining with validator-based staking — allowing ETH holders to earn rewards by locking up tokens to help secure the network. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, it is intended 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, valued at $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)," Lee continued.

Treasury Rankings and Trading Volume

Bitmine's crypto holdings rank as the #1 Ethereum treasury and #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.

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

Bitmine's addition to the Russell 1000 Large-cap index on June 26, 2026 positions the Company for inclusion in passive index-tracking portfolios, as Russell indexes are widely followed by index funds and ETFs that automatically allocate to constituent stocks based on market capitalization weights.

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 US action on August 15, 1971, which ended the Bretton Woods system and took the US dollar off the gold standard 54 years ago. That 1971 event catalyzed the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today — assets that proved to be better investments than gold.

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

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries operate as a blockchain technology infrastructure company 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 a digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure — earning 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. The Company's activities also 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 and involve risks and uncertainties. These can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions.

Specific forward-looking statements in this document include: (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 the statement that Bitmine has 4,917,189 staked ETH representing $9.2 billion, projected annualized ETH staking rewards of approximately $291 million, 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 US action ending Bretton Woods and the USD gold standard; (vi) expectations regarding the $4 billion share repurchase program and its accretive value to shareholders, including statements that Bitmine has executed the largest ever common stock buyback for any ETH or Bitcoin Digital Asset Treasury; (vii) management's belief that sizable outperformance of ETH versus QQQ has typically been followed by Bitmine shares outperforming ETH and that Bitmine shares are attractively valued; (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 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. Copies of Bitmine's SEC filings 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.