Overview
- BitMine announced a $200 million equity stake in Beast Industries on Jan. 15 during its annual meeting.
- The transaction is expected to close on or about January 19, 2026, according to the companies.
- Beast Industries plans to explore integrating decentralized finance into an upcoming financial services product, its CEO said.
- BitMine reaffirmed its Ethereum-focused strategy, reporting about 4.17 million ETH, a Q1 2026 MAVAN validator launch, and a long-term goal of 5% of circulating ETH.
- Shares of BitMine edged higher in premarket trading following the announcement, extending a recent upswing.