{"success":true,"data":{"pressRelease":{"id":"114034","rtpr_id":"nPNA5hrC7a","ticker":"BMNR","exchange":"NYSE","all_tickers":["BMNR","ORBS"],"title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion","author":"PR Newswire","published_at":"2026-08-10T12:30:00.457Z","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81\nMillion Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion\nPR Newswire\n\nNORWALK, Conn., Aug. 10, 2026\n\nBitmine owns 4.8% of the total ETH coin supply of 120.7 million\n\nBitmine is 96% of the way to the 'Alchemy of 5%' in just 14 months\n\nIn July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since\nJuly 2025, reflective of the strengthening fundamentals of crypto\n\nBitmine repurchased 3.0 million common stock in the past week, and has\nrepurchased over 19 million shares cumulatively since July 2026 under its\npreviously announced $4 billion share repurchase program\n\nBitmine was added to the Russell 1000 Large-cap index on June 26, 2026\n\nBitmine's Series A Preferred Stock is trading on the NYSE under the symbol\nBMNP\n\nBitmine has 5,067,309 staked ETH, representing $9.8 billion at $1,928 per ETH.\nMAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $69 million of Eightco (NASDAQ: ORBS), now one of the only\npublicly listed equities in the world to provide investors indirect exposure\nto OpenAI\n\nBitmine Crypto + Total Cash Holdings & Marketable Securities + \"Moonshots\"\ntotal $11.6 billion, including 5.81 million ETH tokens, total cash &\nmarketable securities of $104 million, and other crypto holdings\n\nBitmine remains supported by a premier group of institutional investors\nincluding ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera,\nKraken, DCG, Galaxy Digital and personal investor Thomas \"Tom\" Lee to support\nBitmine's goal of acquiring 5% of ETH\n\nNORWALK, Conn., Aug. 10, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\") a Bitcoin and Ethereum Network\ncompany with a focus on the accumulation of crypto for long term investment,\ntoday announced Bitmine crypto + total cash & marketable securities +\n\"moonshots\" holdings totaling $11.6 billion.\n\n\n\nAs of August 9, 2026 at 6:30pm ET, the Company's crypto holdings are comprised\nof 5,805,238 ETH at $1,928 per ETH (per Coinbase), 209 Bitcoin (BTC), $180\nmillion stake in Beast Industries, $69 million stake in Eightco Holdings\n(NASDAQ: ORBS) (\"moonshots\") and total cash & marketable securities of $104\nmillion. Bitmine's ETH holdings are 4.8% of the ETH supply (of 120.7 million\nETH).\n\n\"We are disappointed that the CLARITY Act will not see a Senate vote before\nthe August recess, but financial markets seem more focused on the recent\nsofter inflation and jobs data.  The odds of a Sept. hike by the Federal\nReserve have fallen to 40% from 75% two weeks ago,\" stated Thomas \"Tom\" Lee,\nChairman of Bitmine.  \"We expect easing financial conditions to be a tailwind\nfor crypto.\"\n\n\"Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last\nyear, sizable outperformance of ETH vs Bitcoin (monthly) has typically been\nfollowed by Bitmine's shares outperforming ETH over the following month. In\nJuly, ETH outperformed Bitcoin by 1,100bp similar to July 2025, Dec 2025,\nMarch 2026 and in those instances, Bitmine's shares saw strong outperformance\nover ETH in the following two months.\" continued Lee.\n\n\"We continue to view Bitmine's common shares as undervalued and the Company\nrepurchased 3 million shares during the past week, bringing total common\nequity repurchases to over 19 million common shares since the start of July.\nThis buyback remains the largest ever executed by any Ethereum, Bitcoin or\ncrypto DAT (Digital Asset Treasury),\" continued Lee. Since July 1, 2026,\nBitmine has repurchased 19.1 million shares of common stock under the\npreviously authorized $4 billion share repurchase program.  \n\n\"Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week\nsince the inception of the ETH Treasury Strategy on June 30, 2025 about 14\nmonths ago,\" stated Lee.\n\nOn July 16, 2026, Bitmine released the latest Chairman's Message (link here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4748714-1&h=2762323432&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=link+here))\nfor July 2026. The title of the Message is \"ETH is the cure for the Uncanny\nValley of Wealth.\"\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in American VAlidator\nNetwork), the institutional grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN intends to expand\nto serve institutional investors, custodians, and ecosystem partners seeking\nbest-in-class staking infrastructure. A portion of Bitmine's ETH is already\nstaked on the MAVAN platform.\n\nAs of August 9, 2026, Bitmine total staked ETH stands at\n5,067,309 ($9.8 billion at $1,928 per ETH). \"Bitmine has staked more ETH\nthan other entities in the world. At scale (when Bitmine's ETH is fully staked\nby MAVAN and its staking partners), the projected ETH staking reward is $294\nmillion on an annualized basis (using 2.63% 7-day BMNR yield),\" stated Lee.\n\n\"Annualized staking revenues are now projected at $257 million. And this\n5.1 million ETH is 87% of the 5.81 million ETH held by Bitmine. Bitmine's own\nstaking operations generated a 7-day yield of 2.63% (annualized),\" continued\nLee.\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at\napproximately $59 billion. Bitmine remains the largest ETH treasury in the\nworld. \n\nBitmine management believes the GENIUS Act and the Securities and Exchange\nCommission's (SEC) Project Crypto are as transformational to financial\nservices in 2026 as the US action on August 15, 1971, which ended the Bretton\nWoods system and took the U.S. dollar off the gold standard 54 years ago. This\n1971 event was the catalyst for the modernization of Wall Street, creating the\niconic Wall Street titans and financial and payment rails of today. These\nproved to be better investments than gold.\n\nThe Chairman's message can be found here: \nhttps://www.Bitminetech.io/chairmans-message\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/ \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/ \n\nAbout Bitmine \nBitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries\n(\"Bitmine\" or the \"Company\"), is a blockchain technology infrastructure\ncompany operating across institutional digital asset staking and validation\nservices, bitcoin mining, and strategic digital asset management. As the\nworld's leading Ethereum Treasury company, it implements an innovative digital\nasset strategy for institutional investors and public market participants. The\nCompany provides institutional-grade staking and validation\ninfrastructure—through which it earns staking rewards and validation\nincome—alongside bitcoin mining activities. Bitmine holds digital assets\nstrategically, generating yield on those holdings to support liquidity and\ncapital formation. During 2025, the Company expanded its blockchain\ninfrastructure capabilities, including developing and deploying MAVAN, its\ninstitutional staking and validation platform. The Company's activities\nfurther include investments in early-stage blockchain opportunities\n(\"moonshot\" investments) and ancillary mining, hosting, and consulting\nservices.\n\nFor additional details, follow on X: \nhttps://x.com/bitmnr \nhttps://x.com/fundstrat\n\nForward Looking Statements \nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Private Securities Litigation Reform Act\nof 1995, as amended. Forward-looking statements include all statements that\nare not purely historical and can generally be identified by terms such as\n\"expects,\" \"projects,\" \"intends,\" \"plans,\" \"believes,\" \"anticipates,\"\n\"estimates,\" \"forecasts,\" \"targets,\" \"goals,\" \"may,\" \"will,\" \"would,\" \"could,\"\n\"should,\" or similar expressions, or the negative of such terms, or other\ncomparable terminology. This press release specifically contains\nforward-looking statements regarding, among other things: (i) the Company's\ngoal of acquiring 5% of the total ETH supply (the \"Alchemy of 5%\" initiative)\nand statements regarding its progress toward this goal; (ii) the Company's\ndigital asset accumulation and treasury strategy, including statements\nregarding continued weekly ETH acquisitions and the Company's status as the\nlargest ETH treasury in the world; (iii) the Company's staking operations,\nincluding projected annualized ETH staking rewards of approximately $294\nmillion (assuming Bitmine's ETH is fully staked by MAVAN and its staking\npartners at scale), current projected annualized staking revenues of\napproximately $257 million, and the 7-day yield of 2.63% (annualized); (iv)\nMAVAN's intended expansion to serve institutional investors, custodians, and\necosystem partners seeking best-in-class staking infrastructure; (v) the\nCompany's $4 billion share repurchase program, including statements regarding\nthe execution, size, and potential accretive value of such program; (vi)\nmanagement's views regarding the valuation of the Company's common shares and\nexpectations regarding future stock price performance relative to ETH and\nother digital assets; (vii) expectations regarding the relationship between\nETH performance versus Bitcoin or the Nasdaq 100 and subsequent performance of\nthe Company's shares; (viii) statements regarding the impact of macroeconomic\nfactors, including Federal Reserve policy, inflation data, and labor market\nconditions, on digital asset markets and financial conditions; (ix)\nmanagement's belief that the GENIUS Act and SEC Project Crypto are\ntransformational to financial services; (x) statements regarding the Company's\ninvestment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure\nto OpenAI; and (xi) the future growth, advancement, and strategic direction of\nthe Company's Ethereum treasury strategy and blockchain infrastructure\ncapabilities.\n\nThese forward-looking statements involve substantial risks and uncertainties\nthat could cause actual results to differ materially from those expressed or\nimplied. Factors that could cause or contribute to such differences include,\nbut are not limited to: the extreme volatility and unpredictability of digital\nasset prices, including ETH and Bitcoin; changes in market conditions\naffecting the trading price of the Company's common stock and Series A\nPreferred Stock; the Company's ability to successfully execute its digital\nasset acquisition strategy and achieve its ETH accumulation targets; the\nCompany's ability to finance its business operations, Ethereum treasury\noperations, MAVAN expansion, and share repurchase activities; operational,\nsecurity, and technological risks associated with the Company's staking and\nvalidation operations, including network failures, cybersecurity breaches, and\nprotocol changes; competition in the digital asset treasury, staking, and\nmining industries; the Company's dependence on key personnel, including\nexecutive leadership; regulatory developments affecting digital assets,\nblockchain technology, and staking activities in the United States and\nglobally, including the ultimate enactment, implementation, and interpretation\nof the GENIUS Act, CLARITY Act, and other pending legislation and regulatory\ninitiatives; actions by the SEC, CFTC, and other regulatory bodies affecting\ndigital assets and related businesses; risks related to the Company's\ninvestments in early-stage blockchain opportunities (\"moonshot\" investments),\nincluding the investment in Eightco Holdings; macroeconomic factors, including\ninflation, interest rates, Federal Reserve monetary policy, and general\neconomic conditions affecting investor sentiment toward digital assets;\nchanges to the Ethereum protocol, including staking mechanics, validator\nrequirements, and reward structures; risks related to AI systems and their\npotential impact on cryptocurrency markets and blockchain technology; the\nperformance of third-party service providers, exchanges, and custodians; risks\nrelated to the concentration of the Company's assets in digital currencies;\nand the other risk factors described in the Company's filings with the SEC.\n\nThe forward-looking statements contained in this press release are based on\ninformation available to management as of the date of this release and reflect\nmanagement's current expectations, estimates, forecasts, and projections, as\nwell as management's assumptions and beliefs concerning future events. Actual\nresults may vary materially from those expressed or implied by forward-looking\nstatements based on a number of factors, including those described above and\nin the Risk Factors section of the Company's Annual Report on Form 10-K for\nthe fiscal year ended September 30, 2025 filed with the SEC on November 21,\n2025, the Company's Quarterly Reports on Form 10-Q, and the Company's other\nfilings with the SEC, as amended or updated from time to time. Copies of these\nfilings are available on the SEC's website at www.sec.gov and on the Company's\nwebsite at https://Bitminetech.io/investor-relations/. Forward-looking\nstatements speak only as of the date on which they are made. Bitmine expressly\ndisclaims any obligation or undertaking to update, revise, or supplement any\nforward-looking statements to reflect any change in its expectations or any\nchange in events, conditions, or circumstances on which any such statements\nare based, except as required by applicable law or regulation.\n\n\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-81-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302847067.html\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1966634/1.jpg?id=OA2850070\nhttps://mmx.prnewswire.com/media/MS1966635/2.jpg?id=OA2850071\nhttps://mmx.prnewswire.com/media/MS1966636/3.jpg?id=OA2850072\nhttps://mmx.prnewswire.com/media/MS1966637/4.jpg?id=OA2850073\nhttps://mmx.prnewswire.com/media/MS1826395/Bitmine-Immersion-Technologies-Logo.jpg?id=OA2850069\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPNA5hrC7a","title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion","author":"PR Newswire","ticker":"BMNR","created":"2026-08-10T12:30:00.457Z","tickers":["BMNR","ORBS"],"exchange":"NYSE","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81\nMillion Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion\nPR Newswire\n\nNORWALK, Conn., Aug. 10, 2026\n\nBitmine owns 4.8% of the total ETH coin supply of 120.7 million\n\nBitmine is 96% of the way to the 'Alchemy of 5%' in just 14 months\n\nIn July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since\nJuly 2025, reflective of the strengthening fundamentals of crypto\n\nBitmine repurchased 3.0 million common stock in the past week, and has\nrepurchased over 19 million shares cumulatively since July 2026 under its\npreviously announced $4 billion share repurchase program\n\nBitmine was added to the Russell 1000 Large-cap index on June 26, 2026\n\nBitmine's Series A Preferred Stock is trading on the NYSE under the symbol\nBMNP\n\nBitmine has 5,067,309 staked ETH, representing $9.8 billion at $1,928 per ETH.\nMAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $69 million of Eightco (NASDAQ: ORBS), now one of the only\npublicly listed equities in the world to provide investors indirect exposure\nto OpenAI\n\nBitmine Crypto + Total Cash Holdings & Marketable Securities + \"Moonshots\"\ntotal $11.6 billion, including 5.81 million ETH tokens, total cash &\nmarketable securities of $104 million, and other crypto holdings\n\nBitmine remains supported by a premier group of institutional investors\nincluding ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera,\nKraken, DCG, Galaxy Digital and personal investor Thomas \"Tom\" Lee to support\nBitmine's goal of acquiring 5% of ETH\n\nNORWALK, Conn., Aug. 10, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\") a Bitcoin and Ethereum Network\ncompany with a focus on the accumulation of crypto for long term investment,\ntoday announced Bitmine crypto + total cash & marketable securities +\n\"moonshots\" holdings totaling $11.6 billion.\n\n\n\nAs of August 9, 2026 at 6:30pm ET, the Company's crypto holdings are comprised\nof 5,805,238 ETH at $1,928 per ETH (per Coinbase), 209 Bitcoin (BTC), $180\nmillion stake in Beast Industries, $69 million stake in Eightco Holdings\n(NASDAQ: ORBS) (\"moonshots\") and total cash & marketable securities of $104\nmillion. Bitmine's ETH holdings are 4.8% of the ETH supply (of 120.7 million\nETH).\n\n\"We are disappointed that the CLARITY Act will not see a Senate vote before\nthe August recess, but financial markets seem more focused on the recent\nsofter inflation and jobs data.  The odds of a Sept. hike by the Federal\nReserve have fallen to 40% from 75% two weeks ago,\" stated Thomas \"Tom\" Lee,\nChairman of Bitmine.  \"We expect easing financial conditions to be a tailwind\nfor crypto.\"\n\n\"Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last\nyear, sizable outperformance of ETH vs Bitcoin (monthly) has typically been\nfollowed by Bitmine's shares outperforming ETH over the following month. In\nJuly, ETH outperformed Bitcoin by 1,100bp similar to July 2025, Dec 2025,\nMarch 2026 and in those instances, Bitmine's shares saw strong outperformance\nover ETH in the following two months.\" continued Lee.\n\n\"We continue to view Bitmine's common shares as undervalued and the Company\nrepurchased 3 million shares during the past week, bringing total common\nequity repurchases to over 19 million common shares since the start of July.\nThis buyback remains the largest ever executed by any Ethereum, Bitcoin or\ncrypto DAT (Digital Asset Treasury),\" continued Lee. Since July 1, 2026,\nBitmine has repurchased 19.1 million shares of common stock under the\npreviously authorized $4 billion share repurchase program.  \n\n\"Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week\nsince the inception of the ETH Treasury Strategy on June 30, 2025 about 14\nmonths ago,\" stated Lee.\n\nOn July 16, 2026, Bitmine released the latest Chairman's Message (link here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4748714-1&h=2762323432&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=link+here))\nfor July 2026. The title of the Message is \"ETH is the cure for the Uncanny\nValley of Wealth.\"\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in American VAlidator\nNetwork), the institutional grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN intends to expand\nto serve institutional investors, custodians, and ecosystem partners seeking\nbest-in-class staking infrastructure. A portion of Bitmine's ETH is already\nstaked on the MAVAN platform.\n\nAs of August 9, 2026, Bitmine total staked ETH stands at\n5,067,309 ($9.8 billion at $1,928 per ETH). \"Bitmine has staked more ETH\nthan other entities in the world. At scale (when Bitmine's ETH is fully staked\nby MAVAN and its staking partners), the projected ETH staking reward is $294\nmillion on an annualized basis (using 2.63% 7-day BMNR yield),\" stated Lee.\n\n\"Annualized staking revenues are now projected at $257 million. And this\n5.1 million ETH is 87% of the 5.81 million ETH held by Bitmine. Bitmine's own\nstaking operations generated a 7-day yield of 2.63% (annualized),\" continued\nLee.\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at\napproximately $59 billion. Bitmine remains the largest ETH treasury in the\nworld. \n\nBitmine management believes the GENIUS Act and the Securities and Exchange\nCommission's (SEC) Project Crypto are as transformational to financial\nservices in 2026 as the US action on August 15, 1971, which ended the Bretton\nWoods system and took the U.S. dollar off the gold standard 54 years ago. This\n1971 event was the catalyst for the modernization of Wall Street, creating the\niconic Wall Street titans and financial and payment rails of today. These\nproved to be better investments than gold.\n\nThe Chairman's message can be found here: \nhttps://www.Bitminetech.io/chairmans-message\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/ \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/ \n\nAbout Bitmine \nBitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries\n(\"Bitmine\" or the \"Company\"), is a blockchain technology infrastructure\ncompany operating across institutional digital asset staking and validation\nservices, bitcoin mining, and strategic digital asset management. As the\nworld's leading Ethereum Treasury company, it implements an innovative digital\nasset strategy for institutional investors and public market participants. The\nCompany provides institutional-grade staking and validation\ninfrastructure—through which it earns staking rewards and validation\nincome—alongside bitcoin mining activities. Bitmine holds digital assets\nstrategically, generating yield on those holdings to support liquidity and\ncapital formation. During 2025, the Company expanded its blockchain\ninfrastructure capabilities, including developing and deploying MAVAN, its\ninstitutional staking and validation platform. The Company's activities\nfurther include investments in early-stage blockchain opportunities\n(\"moonshot\" investments) and ancillary mining, hosting, and consulting\nservices.\n\nFor additional details, follow on X: \nhttps://x.com/bitmnr \nhttps://x.com/fundstrat\n\nForward Looking Statements \nThis press release contains statements that constitute \"forward-looking\nstatements\" within the meaning of the Private Securities Litigation Reform Act\nof 1995, as amended. Forward-looking statements include all statements that\nare not purely historical and can generally be identified by terms such as\n\"expects,\" \"projects,\" \"intends,\" \"plans,\" \"believes,\" \"anticipates,\"\n\"estimates,\" \"forecasts,\" \"targets,\" \"goals,\" \"may,\" \"will,\" \"would,\" \"could,\"\n\"should,\" or similar expressions, or the negative of such terms, or other\ncomparable terminology. This press release specifically contains\nforward-looking statements regarding, among other things: (i) the Company's\ngoal of acquiring 5% of the total ETH supply (the \"Alchemy of 5%\" initiative)\nand statements regarding its progress toward this goal; (ii) the Company's\ndigital asset accumulation and treasury strategy, including statements\nregarding continued weekly ETH acquisitions and the Company's status as the\nlargest ETH treasury in the world; (iii) the Company's staking operations,\nincluding projected annualized ETH staking rewards of approximately $294\nmillion (assuming Bitmine's ETH is fully staked by MAVAN and its staking\npartners at scale), current projected annualized staking revenues of\napproximately $257 million, and the 7-day yield of 2.63% (annualized); (iv)\nMAVAN's intended expansion to serve institutional investors, custodians, and\necosystem partners seeking best-in-class staking infrastructure; (v) the\nCompany's $4 billion share repurchase program, including statements regarding\nthe execution, size, and potential accretive value of such program; (vi)\nmanagement's views regarding the valuation of the Company's common shares and\nexpectations regarding future stock price performance relative to ETH and\nother digital assets; (vii) expectations regarding the relationship between\nETH performance versus Bitcoin or the Nasdaq 100 and subsequent performance of\nthe Company's shares; (viii) statements regarding the impact of macroeconomic\nfactors, including Federal Reserve policy, inflation data, and labor market\nconditions, on digital asset markets and financial conditions; (ix)\nmanagement's belief that the GENIUS Act and SEC Project Crypto are\ntransformational to financial services; (x) statements regarding the Company's\ninvestment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure\nto OpenAI; and (xi) the future growth, advancement, and strategic direction of\nthe Company's Ethereum treasury strategy and blockchain infrastructure\ncapabilities.\n\nThese forward-looking statements involve substantial risks and uncertainties\nthat could cause actual results to differ materially from those expressed or\nimplied. Factors that could cause or contribute to such differences include,\nbut are not limited to: the extreme volatility and unpredictability of digital\nasset prices, including ETH and Bitcoin; changes in market conditions\naffecting the trading price of the Company's common stock and Series A\nPreferred Stock; the Company's ability to successfully execute its digital\nasset acquisition strategy and achieve its ETH accumulation targets; the\nCompany's ability to finance its business operations, Ethereum treasury\noperations, MAVAN expansion, and share repurchase activities; operational,\nsecurity, and technological risks associated with the Company's staking and\nvalidation operations, including network failures, cybersecurity breaches, and\nprotocol changes; competition in the digital asset treasury, staking, and\nmining industries; the Company's dependence on key personnel, including\nexecutive leadership; regulatory developments affecting digital assets,\nblockchain technology, and staking activities in the United States and\nglobally, including the ultimate enactment, implementation, and interpretation\nof the GENIUS Act, CLARITY Act, and other pending legislation and regulatory\ninitiatives; actions by the SEC, CFTC, and other regulatory bodies affecting\ndigital assets and related businesses; risks related to the Company's\ninvestments in early-stage blockchain opportunities (\"moonshot\" investments),\nincluding the investment in Eightco Holdings; macroeconomic factors, including\ninflation, interest rates, Federal Reserve monetary policy, and general\neconomic conditions affecting investor sentiment toward digital assets;\nchanges to the Ethereum protocol, including staking mechanics, validator\nrequirements, and reward structures; risks related to AI systems and their\npotential impact on cryptocurrency markets and blockchain technology; the\nperformance of third-party service providers, exchanges, and custodians; risks\nrelated to the concentration of the Company's assets in digital currencies;\nand the other risk factors described in the Company's filings with the SEC.\n\nThe forward-looking statements contained in this press release are based on\ninformation available to management as of the date of this release and reflect\nmanagement's current expectations, estimates, forecasts, and projections, as\nwell as management's assumptions and beliefs concerning future events. Actual\nresults may vary materially from those expressed or implied by forward-looking\nstatements based on a number of factors, including those described above and\nin the Risk Factors section of the Company's Annual Report on Form 10-K for\nthe fiscal year ended September 30, 2025 filed with the SEC on November 21,\n2025, the Company's Quarterly Reports on Form 10-Q, and the Company's other\nfilings with the SEC, as amended or updated from time to time. Copies of these\nfilings are available on the SEC's website at www.sec.gov and on the Company's\nwebsite at https://Bitminetech.io/investor-relations/. Forward-looking\nstatements speak only as of the date on which they are made. Bitmine expressly\ndisclaims any obligation or undertaking to update, revise, or supplement any\nforward-looking statements to reflect any change in its expectations or any\nchange in events, conditions, or circumstances on which any such statements\nare based, except as required by applicable law or regulation.\n\n\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-81-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302847067.html\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1966634/1.jpg?id=OA2850070\nhttps://mmx.prnewswire.com/media/MS1966635/2.jpg?id=OA2850071\nhttps://mmx.prnewswire.com/media/MS1966636/3.jpg?id=OA2850072\nhttps://mmx.prnewswire.com/media/MS1966637/4.jpg?id=OA2850073\nhttps://mmx.prnewswire.com/media/MS1826395/Bitmine-Immersion-Technologies-Logo.jpg?id=OA2850069\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-10T12:30:00.593611707Z","server_sent_at_ms":1786365000593},"received_at":"2026-08-10T12:30:00.645Z","source_url":null},"analysis":{"id":"103037","press_release_id":"114034","analysis_json":{"industry":{"label":"Technology Hardware, Storage & Peripherals","sector":"Information Technology"},"redFlags":["Regulatory uncertainty as CLARITY Act will not see a Senate vote before August recess"],"eventType":"operations_update","narrative":"Bitmine disclosed total crypto and cash holdings of $11.6 billion, driven by ownership of 5.81 million ETH tokens, representing 4.8% of the total supply.\n\nThe company repurchased 3 million shares in the past week, bringing total buybacks to 19.1 million shares since July 1 under a $4 billion authorization program.\n\nStaking operations via the MAVAN platform cover 5.07 million ETH, with management projecting annualized staking revenues of $257 million based on current yields.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Aggressive buybacks signal confidence as ETH treasury surpasses $11.6B."},"keyFigures":{"customDimensions":{"eth_price_usd":1928,"staked_eth_count":5067309,"eightco_stake_usd":69000000,"eth_holdings_count":5805238,"eth_supply_percent":4.8,"staking_yield_percent":2.63,"cash_and_securities_usd":104000000,"buyback_program_total_usd":4000000000,"shares_repurchased_weekly":3000000,"beast_industries_stake_usd":180000000,"crypto_and_cash_holdings_usd":11600000000,"shares_repurchased_cumulative":19100000,"projected_staking_revenue_annual_usd":257000000}},"quotedText":"We continue to view Bitmine's common shares as undervalued and the Company repurchased 3 million shares during the past week","namedEntities":{"people":[{"name":"Thomas \"Tom\" Lee","role":"Chairman"},{"name":"Cathie Wood","role":"Investor"},{"name":"Bill Miller III","role":"Investor"}],"products":["ETH","Bitcoin","MAVAN"],"companies":[{"name":"Eightco Holdings","ticker":"ORBS","relationship":"Investment"},{"name":"Strategy Inc.","relationship":"Competitor"},{"name":"Beast Industries","relationship":"Investment"},{"name":"ARK","relationship":"Investor"},{"name":"Founders Fund","relationship":"Investor"},{"name":"Pantera","relationship":"Investor"},{"name":"Kraken","relationship":"Partner"},{"name":"DCG","relationship":"Investor"},{"name":"Galaxy Digital","relationship":"Investor"}],"dollarAmounts":[{"amount":"$11.6 billion","context":"Total crypto and cash holdings"},{"amount":"$1,928","context":"Price per ETH"},{"amount":"$104 million","context":"Total cash and marketable securities"},{"amount":"$4 billion","context":"Share repurchase program"},{"amount":"$9.8 billion","context":"Value of staked ETH"},{"amount":"$294 million","context":"Projected annualized ETH staking reward at scale"},{"amount":"$257 million","context":"Projected annualized staking revenues"},{"amount":"$69 million","context":"Stake in Eightco Holdings"},{"amount":"$180 million","context":"Stake in Beast Industries"}]},"materialImpact":{"score":4,"reasoning":"Significant update on the size of the digital asset treasury ($11.6B total value) and aggressive execution of share buybacks (19M+ shares in ~6 weeks). While not a binary earnings or FDA event, the scale of asset accumulation and capital allocation is highly material to valuation."},"tickerRelevance":{"others":[{"ticker":"ORBS","relevance":"Investment holding"}],"primary":"BMNR"},"globalImportance":42,"audienceRelevance":60,"eventTypeSecondary":["buyback"],"importanceComponents":{"tickerTier":"Large-Cap (Russell 1000)","eventGravity":"Treasury Milestone & Buyback Acceleration","sectorWeight":"Digital Assets / Crypto","householdBrandBoost":false}},"event_type":"operations_update","event_type_secondary":["buyback"],"sentiment":"bullish","material_impact_score":4,"narrative":"Bitmine disclosed total crypto and cash holdings of $11.6 billion, driven by ownership of 5.81 million ETH tokens, representing 4.8% of the total supply.\n\nThe company repurchased 3 million shares in the past week, bringing total buybacks to 19.1 million shares since July 1 under a $4 billion authorization program.\n\nStaking operations via the MAVAN platform cover 5.07 million ETH, with management projecting annualized staking revenues of $257 million based on current yields.","key_figures":{"customDimensions":{"eth_price_usd":1928,"staked_eth_count":5067309,"eightco_stake_usd":69000000,"eth_holdings_count":5805238,"eth_supply_percent":4.8,"staking_yield_percent":2.63,"cash_and_securities_usd":104000000,"buyback_program_total_usd":4000000000,"shares_repurchased_weekly":3000000,"beast_industries_stake_usd":180000000,"crypto_and_cash_holdings_usd":11600000000,"shares_repurchased_cumulative":19100000,"projected_staking_revenue_annual_usd":257000000}},"named_entities":{"people":[{"name":"Thomas \"Tom\" Lee","role":"Chairman"},{"name":"Cathie Wood","role":"Investor"},{"name":"Bill Miller III","role":"Investor"}],"products":["ETH","Bitcoin","MAVAN"],"companies":[{"name":"Eightco Holdings","ticker":"ORBS","relationship":"Investment"},{"name":"Strategy Inc.","relationship":"Competitor"},{"name":"Beast Industries","relationship":"Investment"},{"name":"ARK","relationship":"Investor"},{"name":"Founders Fund","relationship":"Investor"},{"name":"Pantera","relationship":"Investor"},{"name":"Kraken","relationship":"Partner"},{"name":"DCG","relationship":"Investor"},{"name":"Galaxy Digital","relationship":"Investor"}],"dollarAmounts":[{"amount":"$11.6 billion","context":"Total crypto and cash holdings"},{"amount":"$1,928","context":"Price per ETH"},{"amount":"$104 million","context":"Total cash and marketable securities"},{"amount":"$4 billion","context":"Share repurchase program"},{"amount":"$9.8 billion","context":"Value of staked ETH"},{"amount":"$294 million","context":"Projected annualized ETH staking reward at scale"},{"amount":"$257 million","context":"Projected annualized staking revenues"},{"amount":"$69 million","context":"Stake in Eightco Holdings"},{"amount":"$180 million","context":"Stake in Beast Industries"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-10T16:56:05.830Z","global_importance":42,"audience_relevance":60,"importance_components":{"tickerTier":"Large-Cap (Russell 1000)","eventGravity":"Treasury Milestone & Buyback Acceleration","sectorWeight":"Digital Assets / Crypto","householdBrandBoost":false}},"durationMs":177253,"modelName":"glm-4.7"}}