Bitmine Immersion Technologies approved a 9.50% annual dividend on its Series A perpetual preferred stock, with the first payment of $0.316667 per share scheduled for June 22, 2026, to shareholders of record as of June 12, 2026, and a second payment of $0.105556 per share on June 26, 2026, to holders of record as of June 16, 2026. The Board of Directors' approval marks the Norwalk, Connecticut-based company's effort to bridge traditional income investing with its digital asset mining operations. The Series A Preferred Stock received approval for listing on the New York Stock Exchange under ticker BMNP, with trading set to begin June 16, 2026, providing institutional and public market investors regulated access to a crypto miner offering fixed income returns.
The Board approved dividends covering ordinary amounts accrued from the stock's initial issuance date of June 10, 2026. Equiniti Trust Company, LLC was appointed as transfer agent, shareholder registrar, and dividend paying agent for the Series A Preferred Stock.
Bitmine Series A Preferred Stock Receives NYSE Listing Approval Under Ticker BMNP
The New York Stock Exchange approved listing of the Series A Preferred Stock under ticker symbol BMNP, with trading commencing June 16, 2026. This represents a separate listing from Bitmine's common stock, which trades on the NYSE under ticker BMNR. Equiniti Trust Company, LLC handles administrative functions for the preferred share program, including shareholder registration and dividend distribution.
Bitmine Operates Bitcoin Mining and Ethereum Treasury Strategy
Bitmine operates Bitcoin mining facilities across the United States while deploying excess capital into ETH as its primary treasury reserve asset. The company describes this approach as "5% alchemy," incorporating staking and decentralized finance mechanisms rather than passive digital asset holding. The dual-asset model concentrates exposure to Bitcoin and Ethereum price movements simultaneously.
Bitmine Launched MAVAN Staking Network in 2026
Bitmine launched MAVAN — the Made-in-America Validator Network — in 2026 to support its Ethereum treasury strategy. The staking infrastructure generates protocol-level returns on Bitmine's ETH holdings through validator operations. The network ties company performance to ETH prices and the reliability and security of its validator infrastructure.
Bitmine Form 10-K Filing Identifies Forward-Looking Risk Factors
Bitmine's Form 10-K submitted to the SEC on November 21, 2025, contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company identified factors that could cause actual outcomes to differ from projections: ability to finance operations and Ethereum treasury activities, market conditions affecting stock trading prices, regulatory developments affecting digital assets including potential SEC actions, volatility of Bitcoin and Ethereum prices, and performance, reliability, and security of MAVAN staking operations.
FAQ
What dividend rate did Bitmine approve for its Series A preferred stock?
Bitmine's Board of Directors approved a 9.50% annual dividend rate on the Series A perpetual preferred stock, with the first payment of $0.316667 per share on June 22, 2026, and a second payment of $0.105556 per share on June 26, 2026.
When does Bitmine's Series A preferred stock begin trading on the NYSE?
The Series A Preferred Stock begins trading on the New York Stock Exchange under ticker BMNP on June 16, 2026, following exchange approval. Bitmine's common stock trades separately under ticker BMNR.
What is Bitmine's MAVAN network?
MAVAN — the Made-in-America Validator Network — is Bitmine's staking infrastructure launched in 2026 to generate protocol-level returns on the company's Ethereum treasury holdings through validator operations.
