BMNR stock rises as BitMine pushes last-minute vote on plan to lift share cap to 50 billion
BitMine Immersion Technologies shares rose 4% to $32.46 after urging shareholders to approve a charter amendment raising authorized shares from 500 million to 50 billion. The company warned it may soon run out of shares to issue. A quarterly filing showed a $5.20 billion net loss, driven by a $5.25 billion unrealized loss on digital assets. Volume topped 51 million shares as ether and bitcoin prices climbed.