BitMine Immersion Technologies Listed in the US Raises $250 Million to Accumulate Ethereum
Son Min
Summary
- BitMine Immersion Technologies announced that it raised $250 million to accumulate Ethereum (ETH).
- It stated that this fundraising was carried out through a private placement agreement.
- BitMine said that both traditional finance and crypto venture capital participated in this transaction.
BitMine Immersion Technologies, a mining company listed on the New York Stock Exchange, has raised $250 million for the strategic accumulation of Ethereum (ETH).
According to PR Newswire on the 30th (local time), BitMine announced in a press release, "We have completed a private placement agreement to raise funds for the accumulation of Ethereum," and added, "The funds raised total approximately $250 million."
Thomas Lee, chairman of the board at BitMine, said, "Both traditional finance and crypto venture capital participated in this transaction. This indicates that traditional finance and crypto-assets are rapidly converging."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
