This is a routine dividend declaration and NYSE listing update for the Series A preferred. No material impact on common stock. Monitor the first trade of BMNP on June 16 for price discovery on the preferred security relative to its 9.50% coupon. The common stock (BMNR) is unaffected by this filing.
Price Chart
Executive Summary
Bitmine Immersion Technologies announced initial cash dividends on its 9.50% Series A Perpetual Preferred Stock and that the Series A Preferred Stock has been approved for listing on the NYSE under ticker 'BMNP', with trading expected to start June 16, 2026. This is a routine administrative update regarding the preferred dividend schedule and exchange listing; no financial results, guidance, or material operational changes were disclosed.
Key Facts
- Board declared initial dividend of $0.316667 per share on Series A Preferred Stock, payable June 22, 2026 to holders of record June 12, 2026
- Second weekly cash dividend of $0.105556 per share declared, payable June 26, 2026 to holders of record June 16, 2026
- Series A Preferred Stock approved for NYSE listing under symbol 'BMNP', trading expected to commence June 16, 2026
- Dividends are at the stated 9.50% annual rate on the Series A Perpetual Preferred Stock
Financial Impact
Initial dividend of $0.316667 per share and second dividend of $0.105556 per share declared; total Series A offering size and number of shares outstanding not disclosed in filing.
Risk Factors
- Preferred stock dividends are cumulative obligations; any failure to pay could signal financial distress
- Digital asset price volatility (Bitcoin/Ethereum) could impact the company's ability to sustain preferred dividends and treasury strategy
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-028483 |
| Exhibit: ex99-1.htm | 0001493152-26-028483 |
| Document: 0001493152-26-028483-index-headers.html | 0001493152-26-028483 |
| Document: 0001493152-26-028483-index.html | 0001493152-26-028483 |
| Document: 0001493152-26-028483.txt | 0001493152-26-028483 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $25.76 $23.60 | ▼ −8.39% | ▼ −7.93% | $28.10 (+9.10%) |
Aug 31, 2026 4w ago | 8-K | $25.32 $23.37 | ▼ −7.70% | ▼ −7.01% | $28.10 (+11.00%) |
Aug 24, 2026 5w ago | 8-K | $24.14 $24.82 | ▲ +2.82% | ▲ +2.50% | $28.10 (+16.43%) |
Aug 17, 2026 6w ago | 8-K | $18.73 $18.28 | ▼ −2.40% | ▼ −1.73% | $28.10 (+50.05%) |
Aug 14, 2026 7w ago | 8-K | $18.08 $18.73 | ▲ +3.60% | ▲ +4.07% | $28.10 (+55.45%) |
Aug 10, 2026 7w ago | 8-K | $18.10 $18.09 | ▼ −0.06% | ▲ +0.26% | $28.10 (+55.28%) |
Aug 3, 2026 8w ago | 8-K | $17.42 $18.10 | ▲ +3.90% | ▲ +2.10% | $28.10 (+61.34%) |
Jul 27, 2026 9w ago | 8-K | $17.92 $17.57 | ▼ −1.95% | ▼ −2.19% | $28.10 (+56.84%) |
Jul 20, 2026 10w ago | 8-K | $16.63 $17.23 | ▲ +3.61% | ▲ +2.77% | $28.10 (+69.00%) |
Jul 16, 2026 11w ago | 8-K | $15.44 $15.69 | ▲ +1.62% | ▲ +2.61% | $28.10 (+82.03%) |
US Market Status
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