BitMine Immersion Technologies released a statement addressing recent media reports concerning NASDAQ's increased scrutiny of crypto treasury companies. The company clarified its listing status and compliance.
BitMine emphasized that it is listed on the NYSE American, not NASDAQ, and is fully compliant with NYSE standards and guidelines. Its private investment in public equity (PIPE) transaction closed on July 8, 2025, with NYSE approval.
The company also stated that its existing At-The-Market (ATM) program is a registered public deal and does not require shareholder approval for share issuance. This is because it does not involve 'in-kind contributions' exceeding 20%, which would trigger such a requirement under NASDAQ guidance.
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