What is Bitmine’s Series A Preferred Stock (BMNP)?

BMNP is Bitmine Immersion Technologies’ newly issued Series A perpetual preferred stock listed on the NYSE. The security offers investors a fixed 9.50% annual dividend while providing exposure to a company involved in Bitcoin mining and Ethereum treasury management.

What dividend rate does Bitmine’s preferred stock pay?

Bitmine’s Series A Preferred Stock pays a 9.50% annual dividend rate. The company has already approved its first two dividend payments, signalling its intention to position BMNP as an income-focused investment.

When will BMNP start trading on the NYSE?

BMNP is scheduled to begin trading on the New York Stock Exchange on June 16, 2026. The preferred shares will trade separately from Bitmine’s common stock, which uses the ticker BMNR.

Why is the NYSE listing important for BMNP investors?

The NYSE listing provides liquidity, transparency and access for institutional investors that often require exchange-listed securities. It also gives Bitmine broader access to traditional capital markets despite its crypto-focused business model.

What does Bitmine Immersion Technologies do?

Bitmine operates Bitcoin mining facilities across the United States while also building an Ethereum-focused treasury strategy. The company aims to generate value from both mining operations and ETH-based staking activities.

Why is Bitmine investing heavily in Ethereum?

Bitmine views Ethereum as its primary treasury reserve asset and is allocating excess capital into ETH. The strategy is designed to benefit from potential ETH appreciation while generating additional returns through staking and decentralised finance protocols.

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Bitmine launches 9.5% yield preferred shares

Written by Liezl GambePublished Jun 14, 2026, 11:59 PM

Bitmine Immersion Technologies has approved a 9.50% annual dividend on its newly issued Series A perpetual preferred stock as the crypto miner expands its presence in traditional capital markets.

The preferred shares will begin trading on the New York Stock Exchange under the ticker BMNP on June 16, providing investors with an exchange-listed income product linked to a digital asset-focused company.

The company said the first dividend payment of $0.316667 per share will be paid on June 22 to shareholders of record on June 12, followed by a second payment of $0.105556 per share on June 26 to holders of record on June 16.

The rapid dividend schedule highlights Bitmine’s effort to position the preferred shares as an income-generating investment rather than a conventional capital-raising exercise.

Alongside its Bitcoin mining operations, Bitmine is pursuing an Ethereum treasury strategy that deploys excess capital into ETH and staking activities through what it describes as a “5% alchemy” approach.

The company strengthened that strategy in 2026 with the launch of MAVAN, its Made-in-America Validator Network, which is designed to generate staking returns from Ethereum holdings while adding operational exposure to validator infrastructure.

Investors evaluating BMNP will need to weigh the appeal of a 9.50% yield against risks including cryptocurrency price volatility, regulatory developments, financing requirements and the performance of Bitmine’s Ethereum staking operations.

At the time of reporting, Ethereum price was $1,722.45.

Bitmine launches 9.5% yield preferred shares

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