Bitmine Declares 9.50% Preferred Dividends, NYSE Listing and $230M Staking Revenue
BMNR•Bitmine’s Board declared initial $0.316667 and weekly $0.105556 dividends on its 9.50% Series A Perpetual Preferred Stock, payable June 22 and 26 to holders of record June 12 and 16. The Series A shares will trade on the NYSE as BMNP on June 16, and Bitmine has staked 4.72 million ETH generating $230 million in annual revenue.
1. Dividend Declaration and Schedule
Bitmine’s Board declared initial and weekly cash dividends on its 9.50% Series A Perpetual Preferred Stock. The initial $0.316667 per share dividend, representing accumulated dividends since issuance, will be paid June 22 to holders of record as of June 12, while the weekly $0.105556 per share dividend will pay June 26 to holders of record June 16.
2. NYSE Listing of Series A Preferred Stock
The Series A Preferred Stock has been approved for listing on the New York Stock Exchange under the symbol BMNP, with trading scheduled to begin June 16. Equiniti Trust Company, LLC will serve as transfer agent, registrar and paying agent for the new preferred shares.
3. Ethereum Staking Operations
Bitmine currently holds and has staked 4,718,677 ETH, representing over 85% of its total Ethereum holdings, to support network security and generate revenue. The staked position, valued at approximately $7.7 billion, is projected to produce about $230 million in annual staking revenue for the company.
