BMNR intraday gain expands to 120%, with a trading volume of $1.738 billion

BlockBeats News, July 2nd, according to market data, during the U.S. stock market trading hours, Bitmine Immersion (BMNR) saw its gains expand to 120%, with the current increase at 92%. The stock price is now trading at $64.88, with a significant surge in trading volume to $1.738 billion and a total market value of $396 million.

Bitmine Immersion (BMNR) recently announced the completion of a $250 million large-scale private placement, with the raised funds mainly used to increase its Ethereum holdings and plans to use it as a core reserve asset, while continuing to maintain its Bitcoin mining core business.