According to BlockBeats, Bitmine Immersion (BMNR) has seen its stock price rise significantly, expanding by 64.2% to a current price of $96.06. Over the past week, the stock has surged by more than 2117%.
The company recently announced the completion of a substantial $250 million private funding round. The funds raised are primarily intended for increasing their holdings in Ethereum, which they plan to use as a core reserve asset. Additionally, Bitmine Immersion will continue to focus on its main business of Bitcoin mining.