Bitmine Immersion Technologies Files for Mixed Shelf Offering to Raise Capital for Operations

Bitmine Immersion Technologies, a tech company focused on Bitcoin mining using immersion technology, has filed for a mixed shelf. The company operates in the cryptocurrency mining industry, with business including industrial-scale digital asset mining, equipment sales, and hosting operations. It conducts mining operations using specialized computers and provides data center services for power, racks, thermodynamic management, and software.

Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company, has reported significant progress in its Bitcoin mining operations. The company generated approximately $11.2 million in Bitcoin mining revenue year-to-date through June 30, 2025, including $1.5 million for June 2025 [1]. This marks a substantial increase in its mining activities, with approximately 13.7 Bitcoin mined in June and 103.7 Bitcoin year-to-date.

Hyperscale Data has activated two Bitcoin mining sites: a 20 MW hosting facility in Montana with approximately 6,800 Antminers installed, and its own Montana facility with 10 MW of power supporting about 2,600 Antminers, expected to increase to 3,200 by July end. In total, Hyperscale Data now has approximately 18,200 Antminers operational [1].

The company's CEO, William Horne, stated, "The activation of two additional Bitcoin mining sites marks a significant step forward for our Bitcoin mining operations, with approximately 18,200 Antminers operational. With approximately $11.2 million in year-to-date Bitcoin mining revenue, and a significant increase in expected topline revenue for the third and fourth quarters of 2025, we’re demonstrating the strength of our infrastructure and the momentum behind our strategy. We remain committed to maximizing efficiency and delivering long-term value to our stockholders."

Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin’s market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of Bitcoin mining production or operations. The company cautions that revenue will only be recognized to the extent that Bitcoin (or cash upon the sale of Bitcoin) is deposited into its account, which amount will be less than the value of all Bitcoin mined [1].

References
[1] https://www.stocktitan.net/news/GPUS/hyperscale-data-reports-approximately-11-2-million-in-bitcoin-mining-7bp0olsabzrr.html