BMNR shareholders are encouraged to review the Chairman’s message and vote on all 4 proposals before the January 14, 2026 deadline.
Bitmine to hold its Annual Shareholders Meeting at the Wynn Las Vegas on January 15, 2026
Bitmine remains backed by a leading group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH.
LAS VEGAS, Jan. 3, 2026 /PRNewswire/ — Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) today announced the release of a new President’s Message (link) describing why stockholders are asked to vote YES on a proposal to increase the Company’s authorized shares. The message is now available on Bitmine’s website and is intended to provide additional context ahead of the upcoming shareholder vote.
The deadline to vote is January 14, 2026 at 11:59 pm ET.
In the video, Chairman Tom Lee explains the rationale for Proposal 2, which seeks shareholder approval to amend the Company’s Amended and Restated Certificate of Incorporation to increase authorized shares from 500 million to 50 billion.
There are three reasons why the Company needs to increase authorized shares:
- It would allow Bitmine to carry out activities in the capital markets, including at-market offerings, convertibles and warrants.
- It would provide flexibility to pursue opportunistic deals, including potential mergers or acquisitions.
- Most importantly, it would allow the Company to implement future stock splits as needed.
Since pivoting in July to make Ethereum (ETH) its primary treasury asset, Bitmine has seen its share price closely follow movements in ETH.
*The coefficient (according to Bloomberg) is 0.015 of the ETH price plus the accumulation of ETH/share
The scatter chart in the gallery above shows the clear link (x-axis is ETH, y-axis is BMNR).
The Company believes Ethereum represents the future of finance, a supercycle driven by Wall Street’s reengineering of the blockchain. Top industry leaders agree, including BlackRock CEO Larry Fink, who said tokenization is the next evolution of global markets. And the vast majority of tokenization occurs on Ethereum.
Previously, Bitmine expressed its view that tokenization will push ETH/BTC to all-time highs (0.0873).
- Targeting 0.25 as Ethereum Proves to be the Future of Finance
This implies future ETH prices of:
- $12k
- $22k (previous high)
- $62,000 (0.25, “pay rails”)
- $250k (if BTC reaches $1mm)
These potential ETH future prices can be used to calculate “implied” BMNR future prices**
- $22k ETH → $500 BMNR
- $62.5k ETH → $1,500 BMNR
- $250k ETH → $5,000 BMNR
**These use the ratio 0.15* ETH plus an assumed ETH/share accrual of 33%. These are for illustrative purposes only. It is not a forecast.
To keep the shares “accessible” to the public, the company would want to split them to restore the share price to $25.
If BMNR shares are:
- $500, needs 20:1 split
- $1,500, needs 60:1
- $5,000 needs 100:1
These splits will increase the total shares outstanding. Therefore, Bitmine can only split shares in the future if the total authorized shares are increased.
Shareholders are encouraged to review the Chairman’s message and vote before the January 14, 2026 deadline and can attend the annual meeting on January 15, 2026 at the Wynn Las Vegas.
You must register in advance to attend the meeting, see here: https://web.viewproxy.com/BMNR/2026
The annual meeting will be streamed live from Bitmine’s X account: https://x.com/bitmnr
The fiscal year 2025 results presentation and corporate presentation can be found here: https://bitminetech.io/relaciones-inversores/
The president’s message can be found here:
https://www.bitminetech.io/chairmans-message
To stay informed, register at: https://bitminetech.io/contact-us/
About BitMine
Bitmine is a Bitcoin and Ethereum networking company that focuses on the accumulation of cryptocurrencies for long-term investments, whether acquired by our Bitcoin mining operations or from proceeds from capital raising transactions. The company’s business lines include Bitcoin mining, synthetic Bitcoin mining through participation in Bitcoin mining, hashrate as a financial product, offering mining and advisory services to companies interested in earning Bitcoin-denominated income, and general Bitcoin advice to public companies. Bitmine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
For additional details, follow X:
Forward-looking statements
This press release contains statements that constitute “forward-looking statements.” Statements contained in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. This document specifically contains forward-looking statements regarding the progress and achievement of the Company’s objectives with respect to the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and advancement of the Company’s Ethereum treasury strategy and the benefits applicable to the Company. When evaluating these forward-looking statements, you should consider several factors, including Bitmine’s ability to keep up with new technologies and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future businesses; the competitive environment of Bitmine’s business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on November 21, 2025, as well as all other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s SEC filings are available on the SEC website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
