Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

Bitmine has been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American effective at the opening of trading on April 9, 2026

Bitmine has 3,334,637 staked ETH, representing $7.1 billion at $2,123 per ETH

MAVAN (Made in America VAlidator Network) is the premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience

Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the 'Alchemy of 5%' in just 9 months

Bitmine owns $92 million of ORBS, now one of the only publicly listed equities in the world to give investors direct exposure to OpenAI

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.4 billion, including 4.803 million ETH tokens, total cash of $864 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 96th most traded stock in the US, trading $987 million 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

NORWALK, Conn., April 6, 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 $11.4 billion.

Additionally, the company announced that it has been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American. As a result of the uplisting, the Company's common stock will cease trading on the NYSE American after market close on April 8, 2026, and will commence trading on the NYSE effective at the opening of trading on April 9, 2026. The Company's common stock will continue to trade under the symbol "BMNR".

As of April 5, 2026 at 8:30pm ET, the Company's crypto holdings are comprised of 4,803,334 ETH at $2,123 per ETH (Coinbase NASDAQ: COIN), 198 Bitcoin (BTC), $200 million stake in Beast Industries, $92 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $864 million. Bitmine's ETH holdings are 3.98% of the ETH supply (of 120.7 million ETH).

"The Iran war enters its 6th week and this war remains the most important driver of global markets. ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value. At the moment, this war exerts more influence on risk markets than global central banks," said Thomas "Tom" Lee, Chairman of Bitmine.

"The war has placed downward pressure on global markets, so it is impressive to see ETH as one of the few to rise on an absolute basis. This is a great harbinger, as we expect ETH leadership to strengthen investors and eventually take cash off the sidelines," continued Lee. "Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains."

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025," stated Lee.

Bitmine announced the official launch of MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of April 6, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.1 billion at $2,123 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 reward is $282 million annually (using 2.78% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now $196 million. And this 3.3 million ETH is about 69% of the 4.8 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.74%, while Bitmine's own staking operations generated a 7-day yield of 2.78% (annualized)," continued Lee.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 762,099 BTC valued at $51 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 $987 million (4-day average, as of April 2, 2026), ranking #96 in the US, behind Schlumberger (rank #95) and ahead of Adobe (rank #97) 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 launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 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 been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American effective at the opening of trading on April 9, 2026

Bitmine has 3,334,637 staked ETH, representing $7.1 billion at $2,123 per ETH

MAVAN (Made in America VAlidator Network) is the premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and resilience

Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the 'Alchemy of 5%' in just 9 months

Bitmine owns $92 million of ORBS, now one of the only publicly listed equities in the world to give investors direct exposure to OpenAI

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.4 billion, including 4.803 million ETH tokens, total cash of $864 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 96th most traded stock in the US, trading $987 million 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

NORWALK, Conn., April 6, 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 $11.4 billion.

Additionally, the company announced that it has been approved for uplisting to the New York Stock Exchange ("NYSE") from the NYSE American. As a result of the uplisting, the Company's common stock will cease trading on the NYSE American after market close on April 8, 2026, and will commence trading on the NYSE effective at the opening of trading on April 9, 2026. The Company's common stock will continue to trade under the symbol "BMNR".

As of April 5, 2026 at 8:30pm ET, the Company's crypto holdings are comprised of 4,803,334 ETH at $2,123 per ETH (Coinbase NASDAQ: COIN), 198 Bitcoin (BTC), $200 million stake in Beast Industries, $92 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $864 million. Bitmine's ETH holdings are 3.98% of the ETH supply (of 120.7 million ETH).

"The Iran war enters its 6th week and this war remains the most important driver of global markets. ETH remains the second best performing asset since the start of the war, with a 6.8% gain and outperforming the S&P 500 by 1,130bp. And ETH beating gold by 1,840bp demonstrates ETH is the wartime store of value. At the moment, this war exerts more influence on risk markets than global central banks," said Thomas "Tom" Lee, Chairman of Bitmine.

"The war has placed downward pressure on global markets, so it is impressive to see ETH as one of the few to rise on an absolute basis. This is a great harbinger, as we expect ETH leadership to strengthen investors and eventually take cash off the sidelines," continued Lee. "Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains."

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025," stated Lee.

Bitmine announced the official launch of MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of April 6, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.1 billion at $2,123 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 reward is $282 million annually (using 2.78% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now $196 million. And this 3.3 million ETH is about 69% of the 4.8 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil) is 2.74%, while Bitmine's own staking operations generated a 7-day yield of 2.78% (annualized)," continued Lee.

Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 762,099 BTC valued at $51 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 $987 million (4-day average, as of April 2, 2026), ranking #96 in the US, behind Schlumberger (rank #95) and ahead of Adobe (rank #97) 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 launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 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 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.803 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

• Hyundai Motor initiates global naming of sea forests across Korea, Argentina and Australia
• Campaign highlights the climate value of marine ecosystems through naming and identity-building during Earth Month
• Dedicated website and mapping registrations aim to build global awareness and data access
• Ongoing marine conservation includes Ulsan sea forest restoration projects conducted in partnership with Korean government agencies

SEOUL, South Korea , April 7, 2026 /PRNewswire/ -- Hyundai Motor Company today announced the global launch of its 'Forests Without Names' campaign, an initiative that celebrates Earth Month this April by naming sea forests worldwide while highlighting their environmental importance.

The campaign aims to increase awareness of these often overlooked underwater ecosystems and reinforce Hyundai Motor's long-term marine conservation efforts, including seaweed-based sea forest restoration off the coast of Ulsan, South Korea, and marine waste cleanup projects spanning 10 countries.

"Hyundai Motor Company has been committed to forest conservation across both terrestrial and marine ecosystems. Through the 'Forests Without Names' campaign, we are pleased to shed light on sea forests and highlight their ecological value and the importance of protecting our marine environments. We are especially proud to bring this story to life creatively — sparking curiosity about what has long gone unnoticed, and inspiring people to care about what they now know by name. We will continue to advance our sustainability efforts in pursuit of a more environmentally responsible future."
 – Hyunchul Jeon, Head of Future Business & Sustainability Group at Hyundai Motor Company

What Are Sea Forests and Why Do They Matter?

Sea forests are underwater ecosystems formed by dense marine algae such as kelp and seaweed. Like terrestrial forests, they provide habitats, filter marine pollutants and support coastal biodiversity.

Global scientific and policy interest in seaweed's climate value increased in 2025, as discussions at the IPCC's 63rd Session in Lima highlighted the need to explore methodological pathways for including seaweed in future carbon accounting frameworks.

Why Is Hyundai Naming Sea Forests?

Unlike iconic terrestrial forests, many sea forests have no formal names — anonymity that limits their visibility and the protection they receive. The campaign addresses this fundamental gap by giving these ecosystems clear identities.

Finalized names will be added to the campaign's Sea Forest Map, which Hyundai Motor ultimately aims to integrate with widely used global mapping platforms and leading Korean platforms including Kakao Map. Hyundai Motor brings the public directly into the process through open voting — driving a shift in environmental communication from awareness alone toward recognition, documentation and long-term protection.

How Does the 'Forests Without Names' Campaign Work?

The campaign builds on Hyundai Motor's earlier environmental storytelling initiatives, including the Cannes Lions-winning 'Tree Correspondents' campaign in 2025, which used artificial intelligence (AI) to give trees a voice and spotlight the importance of forest conservation.

This new initiative expands Hyundai Motor's sustainability focus from land ecosystems to marine environments through three main actions:

• Naming three sea forests worldwide:
• • Korea: One of the two restored sea forests in Ulsan is officially named "Ullim" — a Korean word evoking resonance or an echo — through a formal naming process conducted in close collaboration with the Ministry of Oceans and Fisheries and the Korea Fisheries Resources Agency (FIRA).
  • Argentina: Hyundai has designated an official sea forest name "Auken Aiken" meaning "Field of Life" in the local indigenous language through a partnership with a local NGO specialized in marine conservation and community groups.
  • Australia: The final name will be determined through a public voting process conducted via Hyundai Motor's global social channels and campaign website, with shortlisted candidates selected jointly with local NGOs and community groups.

• Registering these sites on a dedicated campaign website and mapping platform such as 'Kakao Map', with the ambition to expand to global platforms
• Working closely with the Korean government, NGOs and local communities to ensure scientific credibility and long-term conservation outcomes

The dedicated campaign website will evolve into a global Sea Forest Data Hub, archiving verified information such as location, ecosystem characteristics, and restoration activities. By making this data publicly accessible, Hyundai aims to build one of the world's most comprehensive open databases on underwater forests.

What Will Happen During Earth Month?

Key milestones include:

• April 3
  • Release of teaser campaign video and open campaign website
  • Announcement of sea forest names in Korea and Argentina, alongside public voting in Australia

• April 22 (Earth Day): Release of main campaign film and announcement of Australia's final sea forest name

Finalized names will be added to the campaign's Sea Forest Map, with the goal of registering these sea forests on global mapping platforms in the future.

How Does This Connect to Hyundai Motor's Broader Marine Conservation Work?

The naming initiative is part of Hyundai Motor's longer-term environmental strategy rather than a standalone campaign.

Hyundai Motor has been restoring seaweed forests in Ulsan since 2024 under agreements with Korea's Ministry of Oceans and Fisheries, the Korea Fisheries Resources Agency and Ulsan Metropolitan City. The project spans approximately 3.96 square kilometers and is expected to offset about 1,300 tons of CO₂ annually through carbon absorption and ecosystem restoration, through methods including seaweed transplantation, spore dispersal, artificial underwater longline installations, local species reproduction support and seabed cleanup.

Meanwhile, since 2021, the company has conducted marine waste collection projects in partnership with the Healthy Seas foundation across Europe, Korea and the United States. These efforts have resulted in the removal of approximately 320 tons of marine debris, including discarded fishing nets later recycled into ECONYL^® nylon fiber used in vehicle materials such as floor mats for IONIQ 5, IONIQ 6, IONIQ 9, INSTER, SANTA FE and NEXO models sold in Europe.

Hyundai Motor aims to support ecosystem recovery and realize potential climate mitigation benefits through these initiatives.

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

Follow our Hyundai Global Newsroom Instagram channel @hyundai media hub

Visit the Hyundai Media Hub for more content

SEOUL, South Korea , April 7, 2026 /PRNewswire/ -- Hyundai Motor Company today announced the global launch of its 'Forests Without Names' campaign, an initiative that celebrates Earth Month this April by naming sea forests worldwide while highlighting their environmental importance.

The campaign aims to increase awareness of these often overlooked underwater ecosystems and reinforce Hyundai Motor's long-term marine conservation efforts, including seaweed-based sea forest restoration off the coast of Ulsan, South Korea, and marine waste cleanup projects spanning 10 countries.

"Hyundai Motor Company has been committed to forest conservation across both terrestrial and marine ecosystems. Through the 'Forests Without Names' campaign, we are pleased to shed light on sea forests and highlight their ecological value and the importance of protecting our marine environments. We are especially proud to bring this story to life creatively — sparking curiosity about what has long gone unnoticed, and inspiring people to care about what they now know by name. We will continue to advance our sustainability efforts in pursuit of a more environmentally responsible future."
 – Hyunchul Jeon, Head of Future Business & Sustainability Group at Hyundai Motor Company

What Are Sea Forests and Why Do They Matter?

Sea forests are underwater ecosystems formed by dense marine algae such as kelp and seaweed. Like terrestrial forests, they provide habitats, filter marine pollutants and support coastal biodiversity.

Global scientific and policy interest in seaweed's climate value increased in 2025, as discussions at the IPCC's 63rd Session in Lima highlighted the need to explore methodological pathways for including seaweed in future carbon accounting frameworks.

Why Is Hyundai Naming Sea Forests?

Unlike iconic terrestrial forests, many sea forests have no formal names — anonymity that limits their visibility and the protection they receive. The campaign addresses this fundamental gap by giving these ecosystems clear identities.

Finalized names will be added to the campaign's Sea Forest Map, which Hyundai Motor ultimately aims to integrate with widely used global mapping platforms and leading Korean platforms including Kakao Map. Hyundai Motor brings the public directly into the process through open voting — driving a shift in environmental communication from awareness alone toward recognition, documentation and long-term protection.

How Does the 'Forests Without Names' Campaign Work?

The campaign builds on Hyundai Motor's earlier environmental storytelling initiatives, including the Cannes Lions-winning 'Tree Correspondents' campaign in 2025, which used artificial intelligence (AI) to give trees a voice and spotlight the importance of forest conservation.

This new initiative expands Hyundai Motor's sustainability focus from land ecosystems to marine environments through three main actions:

The dedicated campaign website will evolve into a global Sea Forest Data Hub, archiving verified information such as location, ecosystem characteristics, and restoration activities. By making this data publicly accessible, Hyundai aims to build one of the world's most comprehensive open databases on underwater forests.

What Will Happen During Earth Month?

Key milestones include:

• April 3
  • Release of teaser campaign video and open campaign website
  • Announcement of sea forest names in Korea and Argentina, alongside public voting in Australia

• April 22 (Earth Day): Release of main campaign film and announcement of Australia's final sea forest name

Finalized names will be added to the campaign's Sea Forest Map, with the goal of registering these sea forests on global mapping platforms in the future.

How Does This Connect to Hyundai Motor's Broader Marine Conservation Work?

The naming initiative is part of Hyundai Motor's longer-term environmental strategy rather than a standalone campaign.

Hyundai Motor has been restoring seaweed forests in Ulsan since 2024 under agreements with Korea's Ministry of Oceans and Fisheries, the Korea Fisheries Resources Agency and Ulsan Metropolitan City. The project spans approximately 3.96 square kilometers and is expected to offset about 1,300 tons of CO₂ annually through carbon absorption and ecosystem restoration, through methods including seaweed transplantation, spore dispersal, artificial underwater longline installations, local species reproduction support and seabed cleanup.

Meanwhile, since 2021, the company has conducted marine waste collection projects in partnership with the Healthy Seas foundation across Europe, Korea and the United States. These efforts have resulted in the removal of approximately 320 tons of marine debris, including discarded fishing nets later recycled into ECONYL^® nylon fiber used in vehicle materials such as floor mats for IONIQ 5, IONIQ 6, IONIQ 9, INSTER, SANTA FE and NEXO models sold in Europe.

Hyundai Motor aims to support ecosystem recovery and realize potential climate mitigation benefits through these initiatives.

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

Follow our Hyundai Global Newsroom Instagram channel @hyundai media hub

Visit the Hyundai Media Hub for more content

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Forests Without Names: Hyundai Motor Brings the World's Hidden Sea Forests Into the Light