Bitmine Preferred Stock to List on NYSE, Declares Weekly Dividend

Bitmine Immersion Technologies' Series A Preferred Stock will start trading on the New York Stock Exchange on Tuesday under the ticker BMNP. The company also declared its second weekly cash dividend of $0.105556 per share, payable June 26 to holders of record as of June 16. Equiniti Trust Company is the transfer agent.

The listing gives preferred shareholders a way to trade their shares on a public exchange. The weekly dividend is part of the preferred stock's terms. Bitmine mines Bitcoin and holds Ethereum as its primary treasury asset. It funds operations through mining revenue and staking income from its MAVAN validator network.

Bitmine's ability to pay the dividend depends on cash flow. The company's SEC filings caution that digital asset price swings, regulatory changes, and operational risks could affect its financial position. Its latest 10-K, filed in November 2025, details these factors.

The preferred stock's NYSE debut marks a milestone for a miner that has pushed its treasury strategy into Ethereum staking. The market will watch how BMNP trades relative to its dividend yield. A liquid listing could lower the company's cost of capital. Thin trading could push the shares to a discount. The company's common stock trades under BMNR.