**[Bitmine Increases 9.5% Perpetual Preferred Stock Offering Size to 3.5 Million Shares]** According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) announced an increase in the offering size of its 9.50% Series A Perpetual Preferred Stock to 3.5 million shares, priced at $80 per share, with an expected net fundraising amount of approximately $273.8 million. The offering is scheduled to close on June 10. The preferred stock has a par value of $100 per share, a fixed annual dividend rate of 9.5%, and cash dividends will be accrued weekly. If dividends are not paid on time, interest will compound weekly, with the maximum annual dividend rate potentially rising to 15%. The company plans to use the funds raised to increase its holdings of $ETH and other digital assets, expand staking and validator infrastructure through its proprietary MAVAN network, support strategic investments related to the Ethereum ecosystem, and repurchase common stock. The preferred stock is expected to be listed on the NYSE under the ticker symbol "BMNP."