Bitmine Immersion Technologies, Inc. Announces Uplist to NYSE American Stock Exchange

Rhea-AI Summary

Bitmine Immersion Technologies, a Bitcoin mining company specializing in immersion technology, has announced its anticipated uplisting from the OTCQX Best Market to the NYSE American stock exchange. The company's common stock is expected to begin trading under the symbol 'BMNR' on June 5, 2025, pending compliance with exchange rules. Trading on the OTCQX will cease on June 4, 2025, with no action required from current stockholders. CEO Jonathan Bates highlighted that this uplisting represents a significant milestone, expected to enhance visibility, expand the investor base, and improve share liquidity.

Positive

• Uplisting to NYSE American from OTCQX indicates company growth and maturity
• Enhanced visibility and potential expansion of investor base through major exchange listing
• Expected improvement in stock liquidity through NYSE American trading
• No action required from current stockholders for the transition

Negative

• Trading approval is still subject to continued compliance with exchange rules
• Potential increased regulatory and compliance costs associated with NYSE American listing

LAS VEGAS, June 02, 2025 (GLOBE NEWSWIRE) -- Bitmine Immersion Technologies, Inc. (OTCQX: BMNRD) (“Bitmine” or “Company”), a technology company focused on Bitcoin mining using immersion technology, today announced that it expects its shares of common stock to be approved for listing on the NYSE American LLC stock exchange (“NYSE American”). The Company expects that its common stock will begin trading on the NYSE American under the symbol, “BMNR,” at the opening of trading on or about June 5, 2025, subject to continued compliance with the exchange rules.

The Company expects that its shares of common stock will continue to trade on the OTC Markets’ OTCQX Best Market until the close of the market on or about June 4, 2025. Upon effectiveness of the listing on the NYSE American, trading of the common stock on the OTCQX will terminate. Stockholders of the Company do not need to take any action prior to the listing of the Company’s shares on the NYSE American.

“Uplisting to the NYSE American marks a significant milestone for Bitmine,” said Jonathan Bates, CEO of Bitmine. “We expect the uplisting will provide enhanced visibility and expand our investor base, while also enhancing liquidity for our shares.”

This communication does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall there be any sale of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Bitmine

BitMine is a Bitcoin Network Company, with a focus on Bitcoin mining, Synthetic Bitcoin Mining through involvement in Bitcoin mining hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.

Forward-Looking Statements:

This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the expected listing on the NYSE American, enhanced visibility of our company, expansion of our investor base, and enhanced liquidity of our shares of common stock. In evaluating these forward-looking statements, you should consider various factors, including our ability to keep pace with new technology and changing market needs; our ability to finance our current business and proposed future business; and the competitive environment of our business, as well as the performance of the stock market in general. 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 Securities and Exchange Commission (the “SEC”) on April 3, 2025, as well as any 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.

BitMine Immersion Technologies Contact:
Jonathan Bates, Chairman and CEO
info@bitminetech.io

FAQ

When will Bitmine (BMNR) start trading on NYSE American?

Bitmine is expected to begin trading on the NYSE American under the symbol BMNR on June 5, 2025, subject to exchange rule compliance.

What happens to Bitmine's OTCQX listing after NYSE American uplisting?

Trading on the OTCQX Best Market will terminate when the NYSE American listing becomes effective, expected to be after market close on June 4, 2025.

Do Bitmine shareholders need to take any action for the NYSE American uplisting?

No, stockholders do not need to take any action prior to the company's uplisting to the NYSE American.

What are the benefits of Bitmine's uplisting to NYSE American?

The uplisting is expected to provide enhanced visibility, expand the investor base, and improve share liquidity for Bitmine.

What is Bitmine's new stock symbol on NYSE American?

Bitmine will trade under the symbol 'BMNR' on the NYSE American exchange.