Odaily Planet Daily reports that BitMine Immersion Technologies (BMNR) has announced the signing of a securities purchase agreement with an institutional investor to sell 5,217,715 shares of common stock at $70.00 per share through a registered direct offering, along with warrants to subscribe for up to 10,435,430 shares of common stock (exercise price $87.50 per share). Before deducting placement agent fees and other estimated offering expenses, the company expects gross proceeds from this offering to be approximately $365.24 million. If all warrants are exercised in cash, potential future gross proceeds could be approximately $913 million. The combined proceeds from the common stock offering and the cash exercise of the warrants could reach approximately $1.28 billion. (PRNnewswire)