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A Salih

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- A SalihA Salih
  ·15:26
  Robots stock are as volatile as AI stocks . short holding need tight SL.
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- A SalihA Salih
  ·11-23
  Buying the deepest dip with tight stop sell and catch small momentum is my short term plan .
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- A SalihA Salih
  ·09-25
  Share your opinion about this news…
  Stock Track | BitMine (BMNR) Plummets 5.07% Following $365 Million Share Offering
  BitMine Immersion Technologies Inc. (BMNR) saw its stock price plummet by 5.07% during Wednesday's trading session, following the announcement of a significant share offering and warrant issuance....
  Stock Track | BitMine (BMNR) Plummets 5.07% Following $365 Million Share Offering
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(BMNR) saw its stock price plummet by 5.07% during Wednesday's trading session, following the announcement of a significant share offering and warrant issuance.</p>\n\n<p>The company disclosed a securities purchase agreement with an institutional investor, involving the sale of 5,217,715 shares of its common stock at $70.00 per share. This offering is set to raise approximately $365.24 million for BitMine. Additionally, the company has issued warrants to purchase up to 10,435,430 shares at an exercise price of $87.50 per share.</p>\n\n<p>The sharp decline in BitMine's stock price can be attributed to the dilutive effect of this share offering. When a company issues new shares, it typically leads to a decrease in the value of existing shares, as the ownership stake of current shareholders is reduced. Investors often react negatively to such news, particularly when the offering price is below the current market price, as it suggests a potential overvaluation of the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BMNR":"BitMine Immersion Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144302320","content_text":"BitMine Immersion Technologies Inc. (BMNR) saw its stock price plummet by 5.07% during Wednesday's trading session, following the announcement of a significant share offering and warrant issuance.\nThe company disclosed a securities purchase agreement with an institutional investor, involving the sale of 5,217,715 shares of its common stock at $70.00 per share. This offering is set to raise approximately $365.24 million for BitMine. Additionally, the company has issued warrants to purchase up to 10,435,430 shares at an exercise price of $87.50 per share.\nThe sharp decline in BitMine's stock price can be attributed to the dilutive effect of this share offering. When a company issues new shares, it typically leads to a decrease in the value of existing shares, as the ownership stake of current shareholders is reduced. Investors often react negatively to such news, particularly when the offering price is below the current market price, as it suggests a potential overvaluation of the stock.","news_type":1,"symbols_score_info":{"BMNR":1}},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}