Bitmine Immersion Technologies shares rise 2.48% premarket after increasing stock offering capacity and announcing a $1,000 million equity buyback.

Bitmine Immersion Technologies, Inc. rose 2.48% in premarket trading, driven by news that the company's shares rose after increasing its stock offering capacity. Additionally, Bitmine Immersion Technologies, Inc. announced an equity buyback for $1,000 million worth of its shares, which is a bullish indicator for the stock. Furthermore, the company became the first public company to hold over one million ETH, worth roughly $5 billion, which has contributed to the positive sentiment surrounding the stock.