BANGKOK, July 6, 2026 /PRNewswire/ -- At ASEAN Sustainable Energy Week (ASEW) 2026 in Bangkok, HYPSET presented its latest cable-structure PV mounting technologies, highlighting how cable-structure PV solutions can unlock new opportunities for commercial & industrial, aquavoltaic, and complex-terrain solar applications across Southeast Asia.
Thailand's Solar Market: Strong Growth Amid Structural Challenges
Thailand has emerged as one of Southeast Asia's most promising solar markets. Strong government support for renewable energy and ambitious clean-energy transition targets are accelerating solar deployment across the country.
On the market side, increasing electricity demand from commercial and industrial sectors, combined with abundant agricultural and aquaculture resources, is supporting the growth of distributed solar and aquavoltaic applications. Solar installations have shown sustained growth in recent years, reflecting continued expansion of market opportunities across global regions.
However, behind these opportunities lie significant challenges. Thailand's diverse landscapes—including mountains, hills, and water bodies—make conventional fixed-tilt mounting systems expensive to build and challenging to deploy. Such systems often struggle to adapt to complex terrains and generally require significant land resources.
These constraints increase project costs and limit the integration of solar with agriculture and aquaculture, creating a major bottleneck for further market expansion.
Cable-Structure PV Technology Unlocking New Possibilities for Solar Deployment
HYPSET's cable-structure PV mounting solutions address these challenges through innovative engineering, providing optimized solutions for a wide range of applications.
Commercial & Industrial Distributed Solar: Overcoming Land Constraints
In Thailand's densely populated industrial and commercial areas, land resources are scarce. HYPSET's cable-structure PV mounting technology, with its excellent site adaptability and seamless integration with existing operations, can be deployed across industrial facilities, parking lots, wastewater treatment plants, and other underutilized spaces. The system enables solar power generation while preserving existing site functions, significantly reducing construction complexity and overall project costs.
Moreover, the excellent wind and seismic performance of the cable-structure mounting system enables it to withstand Thailand's hot, humid climate and seasonal typhoon conditions, ensuring reliable long-term plant operation and reducing maintenance costs. This is a distributed solar solution featuring low construction cost, high reliability, and attractive project returns, helping enterprises lower electricity costs and achieve green and low-carbon transformation.
Aquaculture-Solar PV: Creating Shared Value Above and Below Water
Thailand's aquaculture sector is one of the largest in Southeast Asia, but conventional mounting systems typically require a high density of foundations, which can interfere with daily aquaculture activities. HYPSET's cable-structure support system adopts a large span design with minimal pile foundations, providing ample free space under the PV modules, creating a true synergy between solar generation above the water and aquaculture below. This efficiently utilizes water resources, providing an efficient and sustainable solution for Thailand's rapidly growing aquavoltaic market.
Driving Global Growth Through Innovation
As a global pioneer in cable-structure PV mounting systems, HYPSET has established a strong presence in China and is rapidly expanding across Southeast Asia, supported by a portfolio of more than 100 patents. This exhibition not only demonstrates mature technology addressing regional pain points but also underscores HYPSET's long-term commitment to global market development. Looking ahead, HYPSET will continue to invest in innovation and advanced engineering, accelerating the adoption of cable-structure PV technologies and contributing to the global energy transition.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
HYPSET Highlights Cable-Structure PV Mounting Solutions for Southeast Asia's Challenging Solar Environments at ASEW 2026
In the news release, Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion, issued 06-Jul-2026 by Bitmine Immersion Technologies, Inc. over PR Newswire, we are advised by the company that an edit has been made. The complete, corrected release follows:
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
Bitmine is 95% of the way to the 'Alchemy of 5%' in just 12 months
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 4,879,157 staked ETH, representing $8.8 billion at $1,800 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $71 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $11.1 billion, including 5.74 million ETH tokens, total cash & marketable securities of $527 million, and other crypto holdings
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., July 6, 2026 /PRNewswire/ -- (NYSE: 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 & marketable securities + "moonshots" holdings totaling $11.1 billion.
As of July 5, 2026 at 6:30pm ET, the Company's crypto holdings are comprised of 5,742,237 ETH at $1,800 per ETH (per Coinbase NASDAQ: COIN), 206 Bitcoin (BTC), $180 million stake in Beast Industries, $71 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $527 million. Bitmine's ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).
"Over the past few days, investors have become more optimistic about the passage of the Clarity Act with prediction markets now seeing approximately 50% probability, the highest odds in two weeks. We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like ethereum to benefit, as crypto becomes part of our everyday life. Already, ethereum L2 run in the background processing USDC transactions for Shopify and even Visa. Therefore, the rise in the ETH/BTC ratio in the past few days make sense as markets start to see greater chances of Clarity Act passage," stated Thomas "Tom" Lee, Chairman of Bitmine.
On June 26, Bitmine was added to the Russell 1000 Large-cap Index, in conjunction with the annual reconstitution of this index. The Investment Company Institute, or ICI, estimates that passive investment funds and ETFs typically represent 18-20% of the shares of a company.
"Being added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine," continued Lee.
On June 10, Bitmine closed its offering (the "offering") registered under the Securities Act of 1933, as amended, of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), at a public offering price of $80.00 per share.
The Company received net proceeds from the offering of approximately $273.8 million, after deducting the underwriting discounts and commissions and the Company's estimated offering expenses. The Series A Preferred Stock is trading on the NYSE under the symbol BMNP. The dividends for BMNP are scheduled to be paid weekly, subject to the terms of the applicable Certificate of Designations.
On May 11, 2026, Bitmine released the latest Chairman's Message (link here) for May 2026.
"Over the past week, we acquired 42,197 ETH, increasing our pace from the prior week. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026," stated Lee.
Earlier in 2026, Bitmine launched 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 July 5, 2026, Bitmine total staked ETH stands at 4,879,157 ($8.8 billion at $1,800 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 projected ETH staking reward is $277 million on an annualized basis (using 2.68% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $235 million. And this 4.9 million ETH is 85% of the 5.74 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.68% (annualized)," continued Lee.
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 847,363 BTC valued at approximately $54 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 $543 million (4-day average, as of July 2, 2026), ranking #233 in the US, behind Semtech (rank #232) and ahead of TTM Technologies (rank #234) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine management believes 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: 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
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including the belief that the Company is in the early stages of "crypto spring" and that Bitmine will maintain a steady pace of ETH accumulation throughout 2026; (iii) expectations regarding passage of the Clarity Act and the Company's belief that regulatory clarity is an important milestone enabling crypto, particularly smart contract platforms like Ethereum, to benefit as crypto becomes part of everyday life; (iv) the expectation that being added to the Russell 1000 will add hundreds and possibly thousands of additional institutional investors as equity owners of Bitmine, including expectations regarding passive investment fund ownership; (v) the Company's digital asset accumulation strategy and staking operations, including projected annualized ETH staking rewards of approximately $277 million (when Bitmine's ETH is fully staked by MAVAN and its staking partners) and current projected annualized staking revenues of approximately $235 million; (vi) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (vii) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as US action on August 15, 1971 ending Bretton Woods and the USD gold standard; and (viii) the future growth and advancement of the Company's Ethereum treasury strategy. 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; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of the Clarity Act, the GENIUS Act, and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; 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 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 Billion
