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BitMine Immersion Technologies announces that the issuance size of 9.5% Series A perpetual preferred stock has been increased from 3 million shares to 3.5 million shares, with an issue price of $80 per share, expecting to raise approximately $273.8 million in net proceeds, with settlement planned for June 10. The company states that the funds will be used to increase holdings of ETH and other digital assets, expand staking and validation infrastructure (including the MAVAN network), and for strategic investments. The preferred stock has been applied for listing on the NYSE under the ticker symbol "BMNP".