[Bitmine Expands Pricing for Series A Perpetual Preferred Stock Offering, Raising Approximately $273.8 Million Net Proceeds] TechFlow News, June 5: Bitmine Immersion Technologies announced the pricing of its expanded Series A perpetual preferred stock offering at 3.5 million shares, priced at $80 per share. The transaction is expected to close on June 10, with net proceeds of approximately $273.8 million. The company stated that the funds raised will be used for general corporate purposes, including increasing holdings of ETH and other digital assets, expanding staking and validation infrastructure, advancing related initiatives through MAVAN, working capital, strategic investments related to Ethereum ecosystem and digital asset adoption, and common stock repurchases. The dividend rate for the Series A preferred stock is an annualized 9.50%.