TechFlame News, according to PR Newswire, Bitmine Immersion Technologies has priced its expanded Series A perpetual preferred stock offering at 3.5 million shares, with each share priced at $80. The transaction is expected to close on June 10, with net proceeds of approximately $273.8 million. The company stated that the funds raised will be used for general corporate purposes, including acquiring additional ETH and other digital assets, expanding staking and verification infrastructure, advancing related initiatives through MAVAN, working capital, strategic investments tied to the Ethereum ecosystem and digital asset adoption, as well as common stock buybacks. The Series A preferred stock carries an annual dividend rate of 9.50%.