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LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) -- BitMine Immersion Technologies, Inc. (鈥淏itMine鈥� and the 鈥淐ompany鈥�) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has made a purchase of 100 Bitcoin for its Bitcoin Treasury business line. The Bitcoin were purchased from funds from BitMine鈥檚 recent offering of shares of common stock, which closed on Friday, June 6, 2025.

Jonathan Bates, BitMine CEO, stated, 鈥淲e are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward.鈥�

About BitMine

BitMine is a Bitcoin Network Company with a focus on the accumulation of Bitcoin for long-term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine鈥檚 operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.

Forward Looking Statements

This press release contains statements that constitute 鈥渇orward-looking statements.鈥� The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the expected use of proceeds of BitMine鈥檚 recent securities offering, the potential benefits of the expected uses of those proceeds, and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine鈥檚 ability to keep pace with new technology and changing market needs; BitMine鈥檚 ability to finance its current business and proposed future business; the competitive environment of BitMine鈥檚 business; and the price and availability of Bitcoin for potential future purchases. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine鈥檚 control, including those set forth in the Risk Factors section of BitMine's Form 10-K filed with the Securities and Exchange Commission (the 鈥淪EC鈥�) on April 3, 2025, as well as any other SEC filings, 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 revisions or changes after the date of this release, except as required by law.

Contact:
Jonathan Bates, Chairman and CEO