Morningstar

Bitmine Uplists to NYSE, Expands Buyback to $4 Billion

Provided by Dow Jones

By Connor Hart 




  Bitmine Immersion Technologies will begin trading on the New York Stock Exchange on Thursday after uplisting from the NYSE American. 



  The move marks a step up in visibility for the crypto company, which continues to execute its digital-asset accumulation strategy. Bitmine said it held about 4.8 million ether tokens as of Monday, representing nearly 4% of the supply of the token's underlying blockchain, Ethereum. 



  Bitmine, which trades under the ticker BMNR, also said its board approved an expansion of its share-repurchase program to $4 billion from $1 billion. 



  "Bitmine's expanded $4 billion buyback reflects our commitment to shareholders," Chairman Tom Lee said. "There may be a time in the future when Bitmine shares are trading below intrinsic value, and the company wants to be in a position to accretively retire common shares." 





  Write to Connor Hart at connor.hart@wsj.com 





  (END) Dow Jones Newswires



  April 09, 2026 09:41 ET (13:41 GMT)


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