Bitmine Immersion Technologies Invests $200 Million in Beast Industries

Reuters01-26 21:46

Bitmine Immersion Technologies Invests $200 Million in Beast Industries

Bitmine Immersion Technologies Inc. has made a $200 million equity investment in Beast Industries, acquiring a minority stake. The initial investment closed during the past week and is currently carried at cost in Bitmine's financials, under its "moonshots" investment category. This transaction is part of Bitmine's broader strategy to diversify its holdings alongside its significant crypto and cash reserves.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-003536), on January 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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