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Bitmine Immersion's pre-market stock price surged over 50%, breaking the $50 mark.
Gate News bot message, on July 1st, market data shows that Bitmine Immersion (BMNR) saw its stock price soar in pre-market trading, rising over 50% and breaking the $50 mark.
This significant rise may be related to the major financing recently announced by the company. Bitmine Immersion previously announced the completion of a large-scale private financing of $250 million. The company stated that these funds will mainly be used to increase its holdings of Ethereum and plans to make it a core reserve asset. At the same time, the company will continue to maintain its main business of Bitcoin mining.