U.S.-based Crypto Miner BitMine Launches USD 2B ATM Offering
BitMine Immersion Technologies, a U.S.-based cryptocurrency mining company focused on energy-efficient immersion cooling systems, launched a USD 2 billion at-the-market (ATM) equity offering under a Controlled Equity Offering Sales Agreement.
The move enables the company to raise capital incrementally to support its infrastructure expansion and operational growth.
ThinkEquity LLC, a boutique investment bank specializing in emerging growth companies, acted as sales agent. The offering provides BitMine with flexible access to public markets at prevailing market prices.
Greenberg Traurig advised ThinkEquity on the transaction, with a cross-office team spanning Tel Aviv, Boston, New York, and Miami. Shareholders David Huberman and Win Rutherfurd led the deal, supported by associates Spencer Cercone, Jennifer Hicks Sagarduy, and Brandon Sloane.
