{"success":true,"data":{"pressRelease":{"id":"172640","rtpr_id":"nPn7Cmt7Da-20261019","ticker":"BMNR","exchange":"NYSE","all_tickers":["BMNR","COIN","ORBS"],"title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion","author":"PR Newswire","published_at":"2026-10-19T12:30:04.624Z","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion\nPR Newswire\n\nNORWALK, Conn., Oct. 19, 2026\n\nBitmine owns 4.9% of the total ETH coin supply of 122.1 million\n\nBitmine is 99% of the way to the 'Alchemy of 5%' in just 15 months\n\nBitmine released Chairman's Message on October 7 titled \"Crypto Bull Underway\n— This Cycle Likely the Largest\"\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 $12 billion at $2,365 per ETH.\nMAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $74 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 +\n\"Moonshots\" total $15.1 billion, including 6.04 million ETH tokens, total cash\n& marketable securities of $582 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., Oct. 19, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\"), a Bitcoin and Ethereum\nNetwork company with a focus on the accumulation of crypto for long term\ninvestment, today announced Bitmine crypto + total cash & marketable\nsecurities + \"moonshots\" holdings totaling $15.1 billion.\n\n\"The risk appetite of investors contracted in the past few weeks fueled by the\nworrying combination of AI funding and AI model safety; escalating US-Iran war\nactivity; anxiousness in front of US midterm elections and generally rising\nbond yields around the world. This has triggered a selloff in AI stocks\nincluding semis and memory stocks, and has further led to selloffs in the\nKorean and Taiwan markets, both of which are dominated by semis and memory\nstocks,\" stated Thomas \"Tom\" Lee, Chairman of Bitmine.\n\n\"Crypto is widely held in the US, Korea and Taiwan. So naturally, when\ninvestors in those regions de-risk, this creates spillover pressures in crypto\nmarkets. In the past, whenever fundamentals remain resilient and strong, while\nprice declines, these have historically been attractive risk/reward\nopportunities. And given crypto's positive exposure to both modernizing\nglobal financial system rails and to agentic-AI, we believe this will again\nprove to be the case,\" continued Lee.\n\nAs of October 18, 2026 at 3:00pm ET, the Company's crypto holdings are\ncomprised of 6,041,481 ETH at $2,365 per ETH (per Coinbase NASDAQ: COIN), 215\nBitcoin (BTC), $180 million stake in Beast Industries, $74 million stake in\nEightco Holdings (NASDAQ: ORBS) (\"moonshots\") and total cash & marketable\nsecurities of $582 million. Bitmine's ETH holdings are 4.9% of the ETH supply\n(of 122.1 million ETH).\n\n\"We believe Bitmine is positioned to outperform the crypto bull market that we\nexpect to be coming, as the company has strengthened its competitive position\nover the past year in the midst of a crypto winter (bear market),\" continued\nLee.\n\n\"Over the past week, we acquired 12,535 ETH. Bitmine's track record of\nconsistent buying of crypto is unmatched by any public company in the world.\nBitmine has bought ETH each and every week since the inception of the ETH\nTreasury Strategy on June 30, 2025,\" stated Lee.\n\nOn October 7, Bitmine released its latest Chairman's message titled \"Crypto\nBull Underway — This Cycle Likely the Largest.\" The presentation is\navailable at the Bitmine website (presentation link\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2480222271&u=https%3A%2F%2Fwww.bitminetech.io%2Finvestor-relations&a=presentation+link)\n).\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator\nNetwork), the institutional-grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN has expanded to\nserve 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 October 18, 2026, Bitmine total staked ETH stands at 5,067,309 ($12\nbillion at $2,365 per ETH). \"Bitmine has staked more ETH than other entities\nin the world. At scale (assuming Bitmine's ETH is fully staked by MAVAN and\nits staking partners), the projected ETH staking reward would be $369 million\non an annualized basis (using 2.58% 7-day BMNR yield). This compares to\nannualized staking revenues at $309 million based upon 5.1 million staked ETH\n(84% of the 6.04 million ETH held by Bitmine),\" continued Lee.\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 848,250 BTC valued at\napproximately $74 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 U.S. action on August 15, 1971, which ended the\nBretton Woods system and took the U.S. dollar off the gold standard 55 years\nago. This 1971 event was the catalyst for the modernization of Wall Street,\ncreating the iconic Wall Street titans and financial and payment rails of\ntoday.\n\nThe Chairman's message can be found here:\nhttps://www.Bitminetech.io/chairmans-message\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2428170776&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=https%3A%2F%2Fwww.Bitminetech.io%2Fchairmans-message)\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=1535469729&u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&a=https%3A%2F%2FBitminetech.io%2Finvestor-relations%2F)\n \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=3336322018&u=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F&a=https%3A%2F%2FBitminetech.io%2Fcontact-us%2F)\n \n\nAbout Bitmine\nBitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its\nsubsidiaries (\"Bitmine\" or the \"Company\"), is a blockchain technology\ninfrastructure company operating across institutional digital asset staking\nand validation services, bitcoin mining, and strategic digital asset\nmanagement. As the world's leading Ethereum Treasury company, it implements an\ninnovative digital asset strategy for institutional investors and public\nmarket participants. The Company provides institutional-grade staking and\nvalidation infrastructure—through which it earns staking rewards and\nvalidation income—alongside bitcoin mining activities. Bitmine holds digital\nassets strategically, generating yield on those holdings to support liquidity\nand capital formation. Since 2025, the Company has 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\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2305450887&u=https%3A%2F%2Fx.com%2Fbitmnr&a=https%3A%2F%2Fx.com%2Fbitmnr)\n\nhttps://x.com/fundstrat\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=656731226&u=https%3A%2F%2Fx.com%2Ffundstrat&a=https%3A%2F%2Fx.com%2Ffundstrat)\n\nCautionary Note on Forward 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,\" \"may,\" \"will,\" \"would,\" \"could,\" \"should,\" \"view,\" \"likely,\"\n\"positioned,\" or similar expressions. This press release specifically contains\nforward-looking statements regarding: (i) the Company's goal of acquiring 5%\nof the total ETH supply (the \"Alchemy of 5%\" initiative); (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 $369\nmillion at scale, assuming the Company's ETH is fully staked by MAVAN and its\nstaking partners, and currently projected annualized staking revenues of\napproximately $309 million; (iv) MAVAN's expansion to serve institutional\ninvestors, custodians, and ecosystem partners; (v) management's beliefs\nregarding crypto market conditions, including expectations of a coming crypto\nbull market and that the current cycle is likely the largest, that recent\nprice declines represent attractive risk/reward opportunities, and that the\nCompany is positioned to outperform the crypto bull market; (vi) management's\nbeliefs regarding the impact of investor risk appetite, AI funding and AI\nmodel safety, geopolitical events, U.S. midterm elections, bond yields, and\nKorean and Taiwanese market conditions on crypto markets, and crypto's\nexposure to modernizing global financial system rails and agentic-AI; (vii)\nmanagement's belief that the GENIUS Act and SEC Project Crypto are\ntransformational to financial services; and (viii) statements regarding the\nvalue of the Company's crypto, cash, marketable securities, and \"moonshot\"\nholdings, including the indirect exposure to OpenAI provided by the Company's\ninvestment in Eightco Holdings.\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; the Company's reliance on third-party\npricing sources and reported market values, which may fluctuate materially;\nchanges in market conditions affecting the trading price and volume of the\nCompany's securities; the Company's ability to successfully execute its\ndigital asset acquisition strategy and achieve its ETH accumulation targets,\nincluding the \"Alchemy of 5%\" goal; the Company's ability to finance its\nbusiness operations and MAVAN expansion; operational, security, and\ntechnological risks associated with the Company's staking and validation\noperations, including network failures, slashing events, cybersecurity\nbreaches, and protocol changes; the risk that actual staking yields, rewards,\nand revenues differ materially from projected amounts, including if the\nCompany's ETH is not fully staked; competition in the digital asset treasury,\nstaking, and mining industries; the Company's dependence on key personnel;\nregulatory developments affecting digital assets, blockchain technology, and\nstaking activities, including the ultimate enactment, implementation, and\ninterpretation of the GENIUS Act and other pending legislation; actions by the\nSEC, CFTC, and other regulatory bodies; risks related to the Company's\n\"moonshot\" investments, including in Eightco Holdings and Beast Industries;\nmacroeconomic and geopolitical factors, including inflation, interest rates,\nbond yields, military conflicts, elections, and general economic conditions;\nvolatility in AI-related and semiconductor equities and in foreign markets,\nincluding Korea and Taiwan; changes to the Ethereum protocol; the performance\nof third-party service providers, exchanges, custodians, and staking partners;\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, and beliefs concerning future\nevents. Actual results may vary materially from those expressed or implied\nbased on the factors described above and in the Risk Factors section of the\nCompany's Annual Report on Form 10-K for the fiscal year ended September 30,\n2025 filed with the SEC on November 21, 2025, the Company's Quarterly Reports\non Form 10-Q, and the Company's other filings with the SEC, as amended or\nupdated from time to time. Copies of these filings are available at\nwww.sec.gov (http://www.sec.gov) and at\nhttps://Bitminetech.io/investor-relations/\n(https://Bitminetech.io/investor-relations/) . The Company cautions readers\nnot to place undue reliance on any forward-looking statements, which speak\nonly as of the date on which they are made. Bitmine expressly disclaims any\nobligation to update or revise any forward-looking statements except as\nrequired by applicable law.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html\n(https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html)\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nInvestor Relations, ir@bitminetech.io\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2015683/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025463\nhttps://mmx.prnewswire.com/media/MS2015682/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025464\nhttps://mmx.prnewswire.com/media/MS2015681/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025465\nhttps://mmx.prnewswire.com/media/MS2005751/Bitmine-Immersion-Technologies-Logo.jpg?id=OA3025450\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7Cmt7Da-20261019","title":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion","author":"PR Newswire","ticker":"BMNR","created":"2026-10-19T12:30:04.624Z","tickers":["BMNR","COIN","ORBS"],"exchange":"NYSE","article_body":"Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion\nPR Newswire\n\nNORWALK, Conn., Oct. 19, 2026\n\nBitmine owns 4.9% of the total ETH coin supply of 122.1 million\n\nBitmine is 99% of the way to the 'Alchemy of 5%' in just 15 months\n\nBitmine released Chairman's Message on October 7 titled \"Crypto Bull Underway\n— This Cycle Likely the Largest\"\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 $12 billion at $2,365 per ETH.\nMAVAN (Made in America VAlidator Network) is a premier Ethereum staking\ndestination for BMNR and institutional investors\n\nBitmine owns $74 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 +\n\"Moonshots\" total $15.1 billion, including 6.04 million ETH tokens, total cash\n& marketable securities of $582 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., Oct. 19, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion\nTechnologies, Inc. (\"Bitmine\" or the \"Company\"), a Bitcoin and Ethereum\nNetwork company with a focus on the accumulation of crypto for long term\ninvestment, today announced Bitmine crypto + total cash & marketable\nsecurities + \"moonshots\" holdings totaling $15.1 billion.\n\n\"The risk appetite of investors contracted in the past few weeks fueled by the\nworrying combination of AI funding and AI model safety; escalating US-Iran war\nactivity; anxiousness in front of US midterm elections and generally rising\nbond yields around the world. This has triggered a selloff in AI stocks\nincluding semis and memory stocks, and has further led to selloffs in the\nKorean and Taiwan markets, both of which are dominated by semis and memory\nstocks,\" stated Thomas \"Tom\" Lee, Chairman of Bitmine.\n\n\"Crypto is widely held in the US, Korea and Taiwan. So naturally, when\ninvestors in those regions de-risk, this creates spillover pressures in crypto\nmarkets. In the past, whenever fundamentals remain resilient and strong, while\nprice declines, these have historically been attractive risk/reward\nopportunities. And given crypto's positive exposure to both modernizing\nglobal financial system rails and to agentic-AI, we believe this will again\nprove to be the case,\" continued Lee.\n\nAs of October 18, 2026 at 3:00pm ET, the Company's crypto holdings are\ncomprised of 6,041,481 ETH at $2,365 per ETH (per Coinbase NASDAQ: COIN), 215\nBitcoin (BTC), $180 million stake in Beast Industries, $74 million stake in\nEightco Holdings (NASDAQ: ORBS) (\"moonshots\") and total cash & marketable\nsecurities of $582 million. Bitmine's ETH holdings are 4.9% of the ETH supply\n(of 122.1 million ETH).\n\n\"We believe Bitmine is positioned to outperform the crypto bull market that we\nexpect to be coming, as the company has strengthened its competitive position\nover the past year in the midst of a crypto winter (bear market),\" continued\nLee.\n\n\"Over the past week, we acquired 12,535 ETH. Bitmine's track record of\nconsistent buying of crypto is unmatched by any public company in the world.\nBitmine has bought ETH each and every week since the inception of the ETH\nTreasury Strategy on June 30, 2025,\" stated Lee.\n\nOn October 7, Bitmine released its latest Chairman's message titled \"Crypto\nBull Underway — This Cycle Likely the Largest.\" The presentation is\navailable at the Bitmine website (presentation link\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2480222271&u=https%3A%2F%2Fwww.bitminetech.io%2Finvestor-relations&a=presentation+link)\n).\n\nEarlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator\nNetwork), the institutional-grade staking platform. While MAVAN was originally\ndeveloped to support Bitmine's own Ethereum treasury, MAVAN has expanded to\nserve 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 October 18, 2026, Bitmine total staked ETH stands at 5,067,309 ($12\nbillion at $2,365 per ETH). \"Bitmine has staked more ETH than other entities\nin the world. At scale (assuming Bitmine's ETH is fully staked by MAVAN and\nits staking partners), the projected ETH staking reward would be $369 million\non an annualized basis (using 2.58% 7-day BMNR yield). This compares to\nannualized staking revenues at $309 million based upon 5.1 million staked ETH\n(84% of the 6.04 million ETH held by Bitmine),\" continued Lee.\n\nBitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global\ntreasury, behind Strategy Inc., which reportedly owns 848,250 BTC valued at\napproximately $74 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 U.S. action on August 15, 1971, which ended the\nBretton Woods system and took the U.S. dollar off the gold standard 55 years\nago. This 1971 event was the catalyst for the modernization of Wall Street,\ncreating the iconic Wall Street titans and financial and payment rails of\ntoday.\n\nThe Chairman's message can be found here:\nhttps://www.Bitminetech.io/chairmans-message\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2428170776&u=https%3A%2F%2Fwww.bitminetech.io%2Fchairmans-message&a=https%3A%2F%2Fwww.Bitminetech.io%2Fchairmans-message)\n\nThe Fiscal Full Year 2025 Earnings presentation and corporate presentation can\nbe found here: https://Bitminetech.io/investor-relations/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=1535469729&u=https%3A%2F%2Fbitminetech.io%2Finvestor-relations%2F&a=https%3A%2F%2FBitminetech.io%2Finvestor-relations%2F)\n \n\nTo stay informed, please sign up at: https://Bitminetech.io/contact-us/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=3336322018&u=https%3A%2F%2Fbitminetech.io%2Fcontact-us%2F&a=https%3A%2F%2FBitminetech.io%2Fcontact-us%2F)\n \n\nAbout Bitmine\nBitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its\nsubsidiaries (\"Bitmine\" or the \"Company\"), is a blockchain technology\ninfrastructure company operating across institutional digital asset staking\nand validation services, bitcoin mining, and strategic digital asset\nmanagement. As the world's leading Ethereum Treasury company, it implements an\ninnovative digital asset strategy for institutional investors and public\nmarket participants. The Company provides institutional-grade staking and\nvalidation infrastructure—through which it earns staking rewards and\nvalidation income—alongside bitcoin mining activities. Bitmine holds digital\nassets strategically, generating yield on those holdings to support liquidity\nand capital formation. Since 2025, the Company has 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\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=2305450887&u=https%3A%2F%2Fx.com%2Fbitmnr&a=https%3A%2F%2Fx.com%2Fbitmnr)\n\nhttps://x.com/fundstrat\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4800522-1&h=656731226&u=https%3A%2F%2Fx.com%2Ffundstrat&a=https%3A%2F%2Fx.com%2Ffundstrat)\n\nCautionary Note on Forward 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,\" \"may,\" \"will,\" \"would,\" \"could,\" \"should,\" \"view,\" \"likely,\"\n\"positioned,\" or similar expressions. This press release specifically contains\nforward-looking statements regarding: (i) the Company's goal of acquiring 5%\nof the total ETH supply (the \"Alchemy of 5%\" initiative); (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 $369\nmillion at scale, assuming the Company's ETH is fully staked by MAVAN and its\nstaking partners, and currently projected annualized staking revenues of\napproximately $309 million; (iv) MAVAN's expansion to serve institutional\ninvestors, custodians, and ecosystem partners; (v) management's beliefs\nregarding crypto market conditions, including expectations of a coming crypto\nbull market and that the current cycle is likely the largest, that recent\nprice declines represent attractive risk/reward opportunities, and that the\nCompany is positioned to outperform the crypto bull market; (vi) management's\nbeliefs regarding the impact of investor risk appetite, AI funding and AI\nmodel safety, geopolitical events, U.S. midterm elections, bond yields, and\nKorean and Taiwanese market conditions on crypto markets, and crypto's\nexposure to modernizing global financial system rails and agentic-AI; (vii)\nmanagement's belief that the GENIUS Act and SEC Project Crypto are\ntransformational to financial services; and (viii) statements regarding the\nvalue of the Company's crypto, cash, marketable securities, and \"moonshot\"\nholdings, including the indirect exposure to OpenAI provided by the Company's\ninvestment in Eightco Holdings.\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; the Company's reliance on third-party\npricing sources and reported market values, which may fluctuate materially;\nchanges in market conditions affecting the trading price and volume of the\nCompany's securities; the Company's ability to successfully execute its\ndigital asset acquisition strategy and achieve its ETH accumulation targets,\nincluding the \"Alchemy of 5%\" goal; the Company's ability to finance its\nbusiness operations and MAVAN expansion; operational, security, and\ntechnological risks associated with the Company's staking and validation\noperations, including network failures, slashing events, cybersecurity\nbreaches, and protocol changes; the risk that actual staking yields, rewards,\nand revenues differ materially from projected amounts, including if the\nCompany's ETH is not fully staked; competition in the digital asset treasury,\nstaking, and mining industries; the Company's dependence on key personnel;\nregulatory developments affecting digital assets, blockchain technology, and\nstaking activities, including the ultimate enactment, implementation, and\ninterpretation of the GENIUS Act and other pending legislation; actions by the\nSEC, CFTC, and other regulatory bodies; risks related to the Company's\n\"moonshot\" investments, including in Eightco Holdings and Beast Industries;\nmacroeconomic and geopolitical factors, including inflation, interest rates,\nbond yields, military conflicts, elections, and general economic conditions;\nvolatility in AI-related and semiconductor equities and in foreign markets,\nincluding Korea and Taiwan; changes to the Ethereum protocol; the performance\nof third-party service providers, exchanges, custodians, and staking partners;\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, and beliefs concerning future\nevents. Actual results may vary materially from those expressed or implied\nbased on the factors described above and in the Risk Factors section of the\nCompany's Annual Report on Form 10-K for the fiscal year ended September 30,\n2025 filed with the SEC on November 21, 2025, the Company's Quarterly Reports\non Form 10-Q, and the Company's other filings with the SEC, as amended or\nupdated from time to time. Copies of these filings are available at\nwww.sec.gov (http://www.sec.gov) and at\nhttps://Bitminetech.io/investor-relations/\n(https://Bitminetech.io/investor-relations/) . The Company cautions readers\nnot to place undue reliance on any forward-looking statements, which speak\nonly as of the date on which they are made. Bitmine expressly disclaims any\nobligation to update or revise any forward-looking statements except as\nrequired by applicable law.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html\n(https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html)\n\nSOURCE Bitmine Immersion Technologies, Inc.\n\n\n\nInvestor Relations, ir@bitminetech.io\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2015683/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025463\nhttps://mmx.prnewswire.com/media/MS2015682/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025464\nhttps://mmx.prnewswire.com/media/MS2015681/Bitmine-Immersion-Technologies-Inc-Image.jpg?id=OA3025465\nhttps://mmx.prnewswire.com/media/MS2005751/Bitmine-Immersion-Technologies-Logo.jpg?id=OA3025450\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-19T12:30:04.719281351Z","server_sent_at_ms":1792413004719},"received_at":"2026-10-19T12:30:04.771Z","source_url":"https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-04-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-15-1-billion-302912118.html"},"analysis":null,"durationMs":null,"modelName":null}}