Latest News and Articles about BitMine Immersion Technologies
Bitmine’s Tom Lee Defends $6.6B Ethereum Loss Amid Crypto Crash Criticism
Bitmine’s Tom Lee Stands Firm on $6.6B Ethereum Loss Amid Market Crash Backlash Bitmine Immersion Technologies finds itself in the crosshairs of crypto critics as it grapples with a staggering $6.6 billion unrealized loss on its Ethereum (ETH) treasury. Chairman Tom Lee, unfazed by the backlash, defends the strategy as a calculated, long-term bet on […]
Read MoreBitmine Amasses 4.1M ETH: Staking Giant or Decentralization Risk?
Bitmine Snags 4.1M ETH: Staking Powerhouse or Decentralization Threat? Bitmine Immersion Technologies has sent shockwaves through the crypto world, snapping up 32,977 Ethereum (ETH) in a single week to push its total holdings to a mind-boggling 4.14 million ETH. With a portfolio valued at $14.2 billion, including cash and a smaller stash of 192 Bitcoin […]
Read MoreBitMine’s $199M Ethereum Buy Shocks Market Amid 81% Industry Slump
BitMine’s $199M Ethereum Grab Defies Crypto Market Slump BitMine Immersion Technologies (BMNR), a publicly traded crypto-treasury firm, has dropped a bombshell on the cryptocurrency world by acquiring $199 million worth of Ethereum (ETH) in just two days. With total holdings now at $11.3 billion—3.08% of Ethereum’s entire supply—BitMine is barreling toward its audacious goal of […]
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