BMNR shareholders are invited to read the Chairman’s message and vote on the four proposals before the January 14, 2026 deadline
Bitmine will hold its annual meeting on January 15, 2026 at Wynn Las Vegas
Bitmine continues to be supported by a world-class group of institutional investors, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, as well as private investor Thomas “Tom” Lee, to support Bitmine’s goal of acquiring 5% of the ETH supply
/PRNewswire/ — Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) today announced the release of a new message from its Chief Executive Officer (Link) outlining why shareholders are being asked to vote YES on a proposal to increase the company’s authorized shares. The news is now available on Bitmine’s website and is intended to provide additional information ahead of the upcoming shareholder vote.
The voting period ends January 14, 2026 at 11:59 p.m. ET.
In the video, Chairman Tom Lee explains the rationale for Proposal 2, which seeks shareholder approval to amend the company’s amended and restated certificate of incorporation to increase the authorized shares from 500 million to 50 billion.
There are three reasons why the company needs to increase the number of authorized shares:
- This would allow Bitmine to conduct capital market activities, including market offerings, convertible notes and warrants.
- It would provide flexibility to pursue opportunistic deals, including potential mergers or acquisitions.
- Most importantly, it would allow the company to conduct future stock splits if necessary.
Since Bitmine decided to make Ethereum (ETH) its primary treasury asset in July, the company has seen its share price closely tracking ETH’s developments.
*The coefficient (according to Bloomberg) is 0.015 ETH price plus ETH value gain/share
The scatterplot in the gallery above shows the clear connection (x-axis is ETH, y-axis is BMNR).
The company believes Ethereum represents the future of finance, a supercycle fueled by the transformation of Wall Street on the blockchain. Industry leaders agree, including BlackRock CEO Larry Fink, who said tokenization is the next evolutionary stage of global markets. And the majority of tokenization takes place on Ethereum.
Previously, Bitmine expressed its view that tokenization will drive ETH/BTC to new all-time highs (0.0873).
- Target 0.25 as Ethereum proves to be the future of finance
This implies future ETH prices of:
- 12 000 USD
- $22,000 (previous high)
- $62,000 (0.25, “Payment Methods”)
- 250 000 USD (when BTC reaches 1 million USD)
These potential future ETH prices can be used to calculate “implied” future BMNR prices**
- 22.000 USD ETH → 500 USD BMNR
- 62.500 USD ETH → 1.500 USD BMNR
- 250.000 USD ETH → 5.000 USD BMNR
**This uses the coefficient 0.15* ETH plus an assumed increase in the value of ETH/share of 33%. These are for illustrative purposes only. This is not a forecast.
To keep the shares “available” to the public, the company would want to do a stock split to bring the stock price back to $25.
If BMNR shares:
- Worth $500, a 20:1 split is required
- If the stake is worth $1,500, a 60:1 split is required
- If the stake is worth $5,000, a 100:1 split is required
These splits increase the total number of shares outstanding. Therefore, Bitmine can only conduct a stock split in the future if the total number of authorized shares is increased.
Shareholders are encouraged to read the Chairman’s message and vote before the January 14, 2026 deadline. You are cordially invited to attend the Annual Meeting on January 15, 2026 at Wynn Las Vegas.
To attend the meeting you must register in advance. Further information can be found here: https://web.viewproxy.com/BMNR/2026
The annual meeting will be livestreamed on Bitmine’s X account: https://x.com/bitmnr
The presentation of the results for the full year 2025 and the company presentation can be found here: https://bitminetech.io/investor-relations/
The Chairman’s message can be found here:
https://www.bitminetech.io/chairmans-message
If you are interested in current information, please register here: https://bitminetech.io/contact-us/
Information about Bitmine
Bitmine is a Bitcoin and Ethereum network company focused on building crypto holdings as a long-term investment, whether acquired through our Bitcoin mining activities or from the proceeds of capital raising transactions. The Company’s business areas include Bitcoin mining, synthetic Bitcoin mining through participation in Bitcoin mining, hashrate as a financial product, consulting and mining services for companies interested in earning income in Bitcoin, and general Bitcoin consulting for listed companies. Bitmine’s operations are located in low energy cost regions in Trinidad, Pecos, Texas, and Silverton, Texas.
For more details see X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward-Looking Statements
This press release contains statements that are “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. This document specifically contains forward-looking statements regarding the Company’s progress and achievement of its objectives with respect to the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and development of the Company’s Ethereum treasury strategy, and the associated benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine’s ability to keep pace with new technologies and changing market needs, Bitmine’s ability to fund its current business, its Ethereum treasury activities and planned future operations, the competitive environment of Bitmine’s business, and the future value of Bitcoin and Ethereum. Actual future performance and results may differ materially from those reflected in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including the risks set forth in the “Risk Factors” section of Bitmine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on November 21, 2025 and any other SEC filings, each as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine undertakes no obligation to update these statements for any revisions or changes after the date of this release, except as required by law.
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