On June 8, BitMine Immersion Technologies rose 5.09% in pre-market trading, trading at $16.6984/share, with trading volume of $12.34 million.

On the news front, the company has entered the FTSE Russell 3000 Index potential member list and is expected to further qualify for the Russell 1000 Index. Company Chairman Tom Lee stated that its $10.15 billion market cap far exceeds the $5.7 billion entry threshold. Final results will be progressively announced on June 5, 12, and 18, with index adjustments taking effect after the close of U.S. trading on June 26.

The stock had been under consecutive selling pressure after the company priced an upsized offering of 3.5 million shares of 9.50% Series A perpetual preferred stock at $80 each, raising estimated net proceeds of approximately $273.8 million. The expanded issuance size and fixed dividend obligations had weighed on market sentiment. The current rebound appears supported by renewed optimism around passive fund inflows tied to index inclusion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)