BitMine discloses plans to issue up to $20 billion in additional common stock

according to the supplemental prospectus disclosure of BitMine's IPO, the bitcoin mining company BitMine Immersion Technologies plans to issue up to 20 billion US dollars in common stock. The company has previously raised approximately 4.499 billion US dollars through sales agreements. BitMine stated that the company is mainly engaged in bitcoin mining business and has recently launched an Ethereum financial management strategy. The company plans to raise funds through issuing common stock, fixed income instruments, etc., to purchase bitcoin and Ethereum, and expand its mining business scale. The company operates data centers using immersion cooling technology and provides customers with "Mining as a Service" (MaaS) business.