Bitmine Immersion buys Pier Two in cash-and-stock deal with up to $26 million earnout

Reuters05:43

Bitmine Immersion buys Pier Two in cash-and-stock deal with up to $26 million earnout

Bitmine Immersion Technologies completed acquisition of Pier Two on March 24, 2026.
Pier Two provides hybrid cloud and bare-metal infrastructure for non-custodial staking, including Ethereum validator operations.
Purchase consideration includes cash at closing, common stock issued at closing, up to $14 million of deferred consideration, and up to $12 million of earnout consideration in common stock.
Closing stock consideration is subject to a six-month lock-up, with monthly releases starting from March 24, 2026.
Registration rights agreement provides for resale registration of shares issued in deal, including shares issuable for deferred or earnout consideration.

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: 0001493152-26-013609), on March 30, 2026, and is solely responsible for the information contained therein.

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