LAS VEGAS — BitMine Immersion Technologies (NYSE American: BMNR) has reaffirmed its compliance with NYSE American listing standards and its ability to raise capital, addressing speculation after recent media reports that NASDAQ is heightening scrutiny of cryptocurrency treasury firms.
The company emphasized that its July 8, 2025 listing met all NYSE American guidelines and that its shelf registration and at-the-market (ATM) program remain valid, enabling share issuance without shareholder approval. “Our listing structure and transactions have already received NYSE approval, including the PIPE deal that closed on July 8,” BitMine said in its statement.
Differentiation from NASDAQ Rules
Reports suggested that NASDAQ may require some crypto treasury companies to seek shareholder approval when issuing new shares to purchase crypto or accept digital assets in exchange for equity — particularly when offerings exceed 20%. BitMine clarified that these rules do not apply to its operations, as the company is listed on NYSE American and has already secured approval for its capital structure.
Focus on Crypto Treasury Growth
BitMine positions itself as a Bitcoin and Ethereum network company, with an emphasis on building a long-term crypto treasury. Its operations span traditional Bitcoin mining, synthetic mining via hashrate products, and advisory services for public companies seeking to generate Bitcoin-denominated revenues.
The company currently operates in low-cost energy regions including Trinidad, Pecos (Texas), and Silverton (Texas). It also views its Ethereum accumulation and staking strategy as central to long-term value creation.
Investor Communication
To bolster transparency, BitMine has released a new corporate presentation available on its investor relations site. Investors are also encouraged to sign up for updates via the company’s official portal.
Outlook and Risks
BitMine cautioned that its forward-looking plans — particularly its Ethereum treasury strategy and crypto market positioning — remain subject to significant risks. These include technology shifts, financing challenges, regulatory developments, and volatility in the value of Bitcoin and Ethereum. The company directed stakeholders to review its latest Form 10-K filing with the SEC for detailed risk disclosures.
