New York, Jan 16, 2026, 19:55 (ET) — After-hours
- BMNR climbed roughly 1% on Friday, closing at $31.16 amid heavy volume.
- The company revealed it plans to invest $200 million in equity in MrBeast’s Beast Industries, with the deal expected to wrap up near Jan. 19.
- Shareholders are set to vote on a proposal that would significantly increase BitMine’s authorised share count.
Shares of BitMine Immersion Technologies edged up roughly 1% on Friday, closing near $31.16 in late trading. The stock fluctuated between $29.82 and $31.48 during the session. About 44.3 million shares changed hands. Over the past year, the shares have traded in a wide band from $0.79 to $38.49.
This shift is significant since BitMine has become a turbocharged stand-in for ether, but with a corporate angle that keeps evolving. A $200 million stake in MrBeast’s company injects a consumer and financial-services narrative into what was largely a crypto-treasury play.
Investors are also eyeing two immediate hurdles that could shape what’s next: the company’s funding strategy and the pace at which it deploys more ether. These factors appear in filings and on-chain data—and with a lightly traded stock, either could trigger sharp moves.
BitMine announced a $200 million equity investment in Beast Industries, the company started by YouTube star Jimmy Donaldson, aka MrBeast, with the deal expected to close “on or about January 19, 2026.” Chairman Tom Lee praised MrBeast’s “reach and engagement unmatched,” while Beast Industries CEO Jeff Housenbold described the agreement as “strong validation of our vision.” Beast is developing a financial services platform set to include decentralized finance (DeFi), leveraging blockchain technology instead of traditional intermediaries. BitMine also revealed plans to launch MAVAN — Made-in-America Validator Network — in the first quarter. (SEC)
Shareholders are also voting on a charter amendment to increase the company’s authorised common shares from 500 million to 50 billion, according to a proxy statement. In a separate SEC filing that included a transcript of a shareholder video, the company cautioned it might soon “run out of shares to issue” for purchases and noted that approval requires a majority of all outstanding shares. (SEC)
The debate unfolds amid a market still viewing the stock more as a crypto play than a traditional business. Ether slipped about 0.8% late Friday. Meanwhile, new stakers continue to join a growing queue: roughly 2.58 million ETH sits waiting to enter Ethereum’s validator set, with an estimated delay of about 45 days, according to Beaconcha.in data. Staking involves locking up ether to secure the network and earn rewards; this queue represents the wait before validators can begin operating. (Beaconcha)
BitMine is selling investors on large-scale staking economics. In a stockholder meeting presentation filed this week, the company forecasted a 2.8%–3.0% yield from “native staking, including MAVAN.” It also projected annual pre-tax income between $507 million and $543 million if it captures a 5% share of ether supply, assuming ether prices hold at $3,000. (SEC)
Wall Street analysts covering the stock see the MrBeast deal as a pivot, not a cutoff. B. Riley’s Fedor Shabalin called it a step toward making BitMine a “more active and credible capital allocator.” He also highlighted the “marketing access to MrBeast’s 450M+ audience” as a potential boost for MAVAN’s monetization, TipRanks reported. (TipRanks)
The list of potential pitfalls remains long. The Beast investment hasn’t closed yet. If the authorised-share proposal passes, the company could issue more stock, diluting current shareholders. Plus, DeFi-focused products bring regulatory and execution risks, and crypto prices or staking yields might not align with management’s expectations.
Traders are keeping an eye out for any SEC updates on the annual meeting vote, plus whether BitMine wraps up its Beast Industries investment near Jan. 19. Since U.S. markets are closed Monday for Martin Luther King Jr. Day, the next clear signal could arrive when trading restarts and investors adjust prices on ether, the staking queue, and the company’s upcoming filing.
