[BitMine Initiates Self-Rescue? Plans to Expand Perpetual Preferred Stock Offering, Expected Net Proceeds of Approximately $273.8 Million] BlockBeats News, June 5: BitMine Immersion Technologies announced that it will expand the issuance scale of its 9.5% Series A Perpetual Preferred Stock from 3 million shares to 3.5 million shares, with an offering price of $80 per share. The company expects net proceeds of approximately $273.8 million and plans to complete the transaction by June 10. The company stated that the funds raised 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.' [Original Link]