Bitmine Immersion Technologies Inc. has announced a new Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and ThinkEquity, LLC. This agreement allows Bitmine to offer and sell its common stock shares, valued at up to $2 billion, through Cantor as the primary sales agent. The shares will be sold under the company's automatic shelf registration statement filed with the Securities and Exchange Commission. The agreement grants Cantor a commission of up to 3% on the gross proceeds from these sales. While Bitmine retains the option to sell shares, it is not obligated to do so and can suspend or terminate the agreement at any time.
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