BMNR shareholders are encouraged to read the Chairman’s message and vote on the four proposals before the January 14, 2026 deadline
Bitmine Annual General Meeting to be held at Wynn Las Vegas on January 15, 2026
Bitmine remains backed by a group of prominent institutional investors, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee, to support Bitmine’s goal of acquiring 5% of total ETH
/PRNewswire/ — Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) today announces the release of a new President’s Message (lien) explaining why shareholders are being asked to vote YES to a proposal to increase the number of authorized shares of the company. The post is now available on the Bitmine website and aims to provide additional context ahead of the upcoming shareholder vote.
The deadline to vote is January 14, 2026 at 11:59 p.m. ET.
In the video, Chairman Tom Lee explains the rationale for Proposition 2, which seeks shareholder approval to amend the company’s amended and restated certificate of incorporation to increase the number of authorized shares from 500 million to 50 billion.
The company needs to increase the number of authorized shares for three reasons:
- this would allow Bitmine to conduct activities in capital markets, including on-market offerings, convertible bonds and warrants.
- this would provide flexibility to pursue opportunistic transactions, including potential mergers or acquisitions.
- but above all, it would allow the company to carry out future stock splits if necessary.
Since deciding in July to make Ethereum (ETH) its primary treasury asset, Bitmine has observed its stock price closely follow the movements of ETH.
*The coefficient (according to Bloomberg) is 0.015 ETH price plus ETH accretion/share.
The scatterplot in the gallery above clearly shows the connection (x-axis is ETH, y-axis is BMNR).
The company believes that Ethereum represents the future of finance, a super-cycle driven by the re-engineering of Wall Street on the blockchain. Top industry leaders agree, including Larry Fink, CEO of BlackRock, who said tokenization is the next evolution in global markets. And the vast majority of tokenization is done on Ethereum.
Previously, Bitmine indicated that it believed tokenization would drive ETH/BTC to all-time highs (0.0873).
- Aiming for 0.25 as Ethereum Proves to Be the Future of Finance
This implies future ETH prices of:
- 12 000 dollars
- $22,000 (previous high)
- $62,000 (0.25, “payment rails”)
- $250,000 (if BTC reaches $1 million)
These potential future ETH prices can be used to calculate future “implied” BMNR prices**
- 22 000 dollars ETH → 500 dollars BMNR
- 62 500 dollars ETH → 1 500 dollars BMNR
- 250 000 dollars ETH → 5 000 dollars BMNR
**These figures are based on the 0.15* ETH coefficient and assuming an increase in ETH/share of 33%. These examples are given for illustration purposes only. This is not a forecast.
To keep the shares “available” to the public, the company would like to split the shares, in order to bring the share price back towards $25.
If BMNR shares are at:
- $500, requires 20:1 split
- $1,500, requires a 60:1 split
- $5,000, requires 100:1 split
These splits will increase the total number of shares outstanding. Therefore, Bitmine can only split shares in the future if the total number of shares allowed is increased.
Shareholders are invited to review the Chairman’s message and vote before the deadline of January 14, 2026. They are also invited to attend the annual meeting on January 15, 2026 at Wynn Las Vegas.
To attend the meeting, you must register in advance at: https://web.viewproxy.com/BMNR/2026
The annual meeting will be broadcast live on Bitmine’s X account: https://x.com/bitmnr
The full fiscal year 2025 results presentation and corporate presentation are available here: https://bitminetech.io/investor-relations/
The President’s message is available here:
https://www.bitminetech.io/chairmans-message
To stay informed, please register at https://bitminetech.io/contact-us/
About Bitmine
BitMine is a Bitcoin and Ethereum network company focused on accumulating cryptoassets for long-term investment, whether acquired through our Bitcoin mining operations or through the proceeds of fundraising transactions. The Company’s activities include mining Bitcoin, mining synthetic Bitcoin through participation in Bitcoin mining, hash rate as a financial product, providing consulting and mining services to companies interested in Bitcoin-denominated revenue, and general advice to public companies regarding Bitcoin. Bitmine’s operations are located in regions with low energy costs: Trinidad and Tobago, Pecos (Texas), and Silverton (Texas).
For more information, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward-looking statements
This press release contains “forward-looking statements”. Statements contained 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 progress and achievement of the Company’s objectives regarding the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and advancement of the Company’s Ethereum treasury strategy and the benefits applicable 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, Ethereum treasury operations and proposed future business, the competitive environment for Bitmine’s business and the future value of Bitcoin and Ethereum. Actual future performance and results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those 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, as well as in all other documents filed with the SEC, as amended or updated from time to time. Copies of documents filed by Bitmine with the SEC are available on the SEC’s website at www.sec.gov. BitMine undertakes no obligation to update these statements to reflect revisions or changes occurring after the date of this release, except as required by law.
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