Bitmine Immersion Technologies announced it raised $39.6 Million in an initial filing from an offering of $253 Million

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BitMine is a Bitcoin and Ethereum Network Company that focuses on accumulating cryptocurrencies for long-term investment. The firm engages in Bitcoin mining and offers advisory and mining services to other companies. BitMine aims to acquire significant percentages of ETH through strategic capital raising and investment strategies. It operates in low-cost energy regions.