On June 8, BitMine Immersion Technologies rose 7.23% overnight, trading at 16.71 USD/share, with trading volume of $456,400.

On the news front, the company had previously been included in the FTSE Russell 3000 Index preliminary membership list, with potential further inclusion in the Russell 1000 Index. Company Chairman Tom Lee stated that its $10.15 billion market capitalization far exceeds the $5.7 billion entry threshold. Final results are being announced progressively on June 5, 12, and 18, with the index reconstitution set to take effect after the close of U.S. trading on June 26.

The stock had been under sustained selling pressure following the pricing of an upsized Series A perpetual preferred stock offering — 3.5 million shares at $80 each with a 9.50% coupon rate, generating estimated net proceeds of approximately $273.8 million. The expanded issuance size and fixed dividend burden had weighed on sentiment. The overnight rebound appears supported by renewed optimism surrounding the index inclusion catalyst.

(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.)