Fundraising Fox
Bitmine Immersion Technologies
NYSE: BMNPLas Vegas, US · Delaware corporation · 30 employees on LinkedIn · 3 known investors
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Bitmine Immersion Technologies acquires and holds ethereum and bitcoin in its corporate treasury while offering consulting, advisory, and hosting services to digital asset ecosystem participants. The company shifted in mid-2025 from proprietary mining operations toward disciplined treasury management and asset-light service delivery.
Founders & leadership
RM
Raymond MowExecutive
SB
Seth BaylesExecutive
ES
Erik S. NelsonExecutiveErik S. Nelson has worked in securities markets and investment banking with expertise in capital markets, project management, and corporate governance. He founded Coral Capital Partners in 1995 and now serves as Executive Officer and Director of Bitmine Immersion Technologies, which holds bitcoin and ethereum in its corporate treasury while providing consulting and hosting services to digital asset participants.
RR
Ryan RamnathExecutive
CT
Chi TsangChief Executive OfficerChi Tsang has held senior roles in venture capital, investment banking, equity research, and portfolio management, with more than 25 years of experience across finance and operations. He is Chief Executive Officer and Director of Bitmine Immersion Technologies, which acquires and holds digital assets while providing consulting and hosting services to the cryptocurrency ecosystem.
JB
Jonathan BatesNamed on SEC filing
Board
LL
Lori LoveBoard director
JK
John KellyBoard director
MM
Michael MaloneyBoard director
Investors · 3
FirstMile VenturesreportedDenver · $300K – $800K
How we know: a partner's Signal profile · Not right? Tell us
Founders FundreportedSan Francisco · $500K – $5M
How we know: funding news · Not right? Tell us
KrakenreportedFort Lauderdale
How we know: funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$258.3M disclosed across 5 rounds · 2021–2025
▶$212.9MraisedJul 2025 · 59 investors · Other TechnologyRule 506(b)
▶$212.9MraisedJul 2025 · 59 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Seth BaylesExecutive Officer, Director
- Lori LoveDirector
- Michael MaloneyDirector
- Thomas LeeDirector
- Ryan RamnathExecutive Officer
- John KellyDirector
- Raymond MowExecutive Officer, Director
- Jonathan BatesExecutive Officer, Director, Promoter
- Erik S. NelsonExecutive Officer, Director, Promoter
- Offering amount
- $252.5M
- Amount sold
- $212.9M
- Minimum investment
- $65K
- Sales commissions
- $5.3M
- Proceeds to insiders
- $2.5M
- Placement agents
- ThinkEquity LLC
- First sale
- Jun 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$39.6MraisedJul 2025 · 7 investors · Other TechnologyRule 506(b)
▶$39.6MraisedJul 2025 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Michael MaloneyDirector
- Lori LoveDirector
- Thomas LeeDirector
- John KellyDirector
- Raymond MowExecutive Officer, Director
- Seth BaylesExecutive Officer, Director
- Ryan RamnathExecutive Officer
- Jonathan BatesExecutive Officer, Director, Promoter
- Erik S. NelsonExecutive Officer, Director, Promoter
- Offering amount
- $252.5M
- Amount sold
- $39.6M
- Minimum investment
- $250K
- Sales commissions
- $990.5K
- Placement agents
- ThinkEquity LLC
- First sale
- Jun 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5.2MraisedMay 2025 · 20 investors · Other TechnologyRule 506(b)
▶$5.2MraisedMay 2025 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Lori LoveDirector
- Ryan RamnathExecutive Officer
- Raymond MowExecutive Officer, Director
- Michael MaloneyDirector
- John KellyDirector
- Jonathan BatesExecutive Officer, Director, Promoter
- Erik S. NelsonExecutive Officer, Director, Promoter
- Seth BaylesExecutive Officer, Director
- Offering amount
- $10M
- Amount sold
- $5.2M
- Minimum investment
- $10K
- Sales commissions
- $32K
- Proceeds to insiders
- $40K
- Placement agents
- Sutter Securities, Inc.
- First sale
- Jan 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1.6KraisedMar 2025 · 12 investors · Other TechnologyRule 506(b)
▶$1.6KraisedMar 2025 · 12 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Raymond MowExecutive Officer, Director
- Lori LoveDirector
- John KellyDirector
- Seth BaylesExecutive Officer, Director
- Jonathan BatesExecutive Officer, Director, Promoter
- Erik S. NelsonExecutive Officer, Director, Promoter
- Michael MaloneyDirector
- Ryan RamnathExecutive Officer
- Offering amount
- $1.6K
- Amount sold
- $1.6K
- Minimum investment
- $100
- First sale
- May 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$563.3KraisedMar 2025 · 20 investors · Other TechnologyRule 506(b)
▶$563.3KraisedMar 2025 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jonathan BatesExecutive Officer, Director, Promoter
- Seth BaylesExecutive Officer, Director
- Ryan RamnathExecutive Officer
- Raymond MowExecutive Officer, Director
- Michael MaloneyDirector
- Erik S. NelsonExecutive Officer, Director, Promoter
- Lori LoveDirector
- John KellyDirector
- Offering amount
- $563.3K
- Amount sold
- $563.3K
- Minimum investment
- $3K
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$49.3Mvaluation at IPOJun 2025 · $8.00/share · 424B4
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Frequently asked questions
- What does Bitmine Immersion Technologies do?
- Bitmine Immersion Technologies acquires and holds ethereum and bitcoin in its corporate treasury while offering consulting, advisory, and hosting services to digital asset ecosystem participants. The company shifted in mid-2025 from proprietary mining operations toward disciplined treasury management and asset-light service delivery.
- Who are Bitmine Immersion Technologies's investors?
- Bitmine Immersion Technologies's investors include FirstMile Ventures, Founders Fund, Kraken.
- How much funding has Bitmine Immersion Technologies raised?
- Bitmine Immersion Technologies has disclosed $258.3M raised across 5 rounds.
- Where is Bitmine Immersion Technologies headquartered?
- Bitmine Immersion Technologies is headquartered in Las Vegas, US.