New York, Jan 15, 2026, 19:28 ET — After-hours
Shares of BitMine Immersion Technologies Inc (BMNR) fell 5.7% to $30.87 in after-hours trading on Thursday after a choppy session that pushed the stock from a high of $33.40 to a low of $30.68. About 46.8 million shares changed hands.
BitMine said it plans a $200 million equity investment in Beast Industries, the holding company founded by YouTuber Jimmy Donaldson, better known as MrBeast, and expects the deal to close on or about Jan. 19. Chairman Thomas “Tom” Lee called MrBeast “the leading content creator of our generation,” while Beast CEO Jeff Housenbold said the firms would look at weaving decentralized finance into a planned financial services platform. BitMine did not spell out how it would fund the investment.
The timing puts dilution back on the screen. In a video filed with the SEC on Wednesday, chief executive Chi Tsang urged shareholders to approve a proposal to raise BitMine’s authorized share count — the maximum stock it can issue — saying the company will “soon” run out of shares for purchases and potential mergers or acquisitions. Tsang said passing the change required votes from 50.1% of all shareholders, a tall order with more than 500,000 holders.
Decentralized finance, or DeFi, is shorthand for blockchain-based apps that let users borrow, lend or trade without a traditional bank. It is still a young corner of crypto, and regulators have taken a close look at it.
The broader tape did not help. Bitcoin was down about 1.1% late Thursday and ether slipped roughly 0.6%.
Other crypto miners and token-linked names also fell in extended trade, with Marathon Digital off 3.9%, Riot Platforms down 4.3% and CleanSpark down 4.4%.
BitMine disclosed the Beast Industries investment in a Form 8-K on Thursday and attached its annual-meeting presentation under Regulation FD, the rule that requires companies to share market-moving information broadly. The stock trades on NYSE American under the symbol BMNR.
BitMine markets itself as an “Ethereum treasury” company, a label that has popped up across small-cap U.S. stocks as firms try to tie themselves to digital-asset prices. In plain terms, it means holding ether on the balance sheet and trying to earn rewards by staking, or locking up tokens to help run the network.
But the Beast Industries bet leaves open questions that can move the stock quickly: what the return looks like, and whether BitMine needs to issue stock or sell crypto to pay for it. Either path risks upsetting holders if markets turn or if the authorised-share increase opens the door to more dilution.
Traders will look for any detail on funding and for any readout from the annual meeting. BitMine has said the transaction is expected to close on or about Jan. 19.
