|
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026
Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the 'Alchemy of 5%' in just 8 months
Bitmine recently closed on initial $200 million investment into Beast Industries
Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
LAS VEGAS, March 2, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.9 billion.
As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $868 million. Bitmine's ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH).
"Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine.
"In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $253 million annually (using 2.86% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.83%, while Bitmine's own staking operations generated a 7-day yield of 2.86% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026," continued Lee.
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at $47 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) among 5,704 US-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026
Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the 'Alchemy of 5%' in just 8 months
Bitmine recently closed on initial $200 million investment into Beast Industries
Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
LAS VEGAS, March 2, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.9 billion.
As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $868 million. Bitmine's ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH).
"Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine.
"In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $253 million annually (using 2.86% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.83%, while Bitmine's own staking operations generated a 7-day yield of 2.86% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026," continued Lee.
Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at $47 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) among 5,704 US-listed stocks (statista.com and Fundstrat research).
The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion
ZHONGSHAN, China, March 2, 2026 /PRNewswire/ -- MOCO Connectors, a China-based medical and industrial connector manufacturer, marked its 13th anniversary with the launch of a new manufacturing facility in Zhongshan, which officially began operations in February 2025 to expand production capacity for medical device and industrial automation applications.
Located in Zhongshan's Intelligent Manufacturing Equipment Industrial Park, the site comprises two independent factory buildings with a total floor area of approximately 8,000 square meters.
Company executives said the new manufacturing base is designed to support growing demand for high-quality connection solutions, particularly in sectors where product stability, consistency, and compliance are critical.
"Expanding our manufacturing footprint allows us to strengthen both our development capabilities and delivery reliability," said Eric, CEO of MOCO Connectors. "It enables us to respond faster to customer requirements while maintaining strict quality standards across every production stage."
Founded in 2012, MOCO Connectors has evolved from a small-scale processing operation into an integrated manufacturer specializing in industrial connectors and cable assembly solutions. The company now employs more than 110 people and operates manufacturing sites in both Shenzhen and Zhongshan. MOCO has been recognized as a Shenzhen "Specialized, Refined, Characteristic and Novel Enterprises"—a national recognition for specialized manufacturing expertise. It is awarded to companies recognized for solid technical expertise and a sustained focus on specialized manufacturing fields.
The new production facility integrates 20 production lines, encompassing processes such as CNC machining, injection molding, automated assembly, and in-house testing. Dedicated teams for mold development, machining, and connector and cable testing support daily operations and product development. According to the company, this setup is designed to improve workflow efficiency and maintain consistent performance standards, particularly for customized connectors and non-standard cable assemblies.
MOCO Connectors produces push pull connectors, M Series circular connectors, military and aviation connectors, RF coaxial connectors, and cable assemblies and wiring harnesses used in medical devices, industrial automation, robotics, testing and measurement, aerospace systems, and professional audio-visual and broadcasting equipment. The company holds ISO9001, ISO13485, IATF16949, UL, CE, and RoHS certifications, supporting its supply to regulated markets worldwide.
"Our customers often come to us with complex connection challenges, such as vibration resistance, mis-insertion prevention, or signal integrity in demanding environments," Eric continued. "Our ability to offer custom PIN configurations, specialized materials, and fast development cycles allows us to provide connector solutions that are not readily available as standard products."
As a global custom electrical connector manufacturer, MOCO Connectors serves customers across Europe, North America, and Asia, working with equipment manufacturers, system integrators, and OEM partners. Its client base spans medical technology, industrial automation, communications, and advanced manufacturing industries.
The company stated that the opening of the Zhongshan manufacturing base marks an important step in aligning its production capabilities with long-term development plans. By steadily investing in manufacturing capacity, engineering talent, and quality systems, MOCO Connectors is positioning itself as a long-term production partner for medical and automation customers worldwide.
Media Contact
Company: Shenzhen MOCO Interconnect Co., Ltd.
Website: www.mococonnectors.com
Email: eric@mocosz.com
Tel: +86 -134 1096 6347
WhatsApp: 86-13686431391
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Industrial Connector Manufacturer MOCO Connectors Marks 13th Anniversary With Launch of New Zhongshan Manufacturing Base
