Per Woofun AI, Bitmine Immersion Technologies (NYSE: BMNR) disclosed that its board has authorized a cash dividend of $0.1056 per share for its 9.50% Class A perpetual preferred stock (NYSE: BMNP). The distribution is scheduled for payment on July 10, 2026, targeting shareholders of record as of the close of business on June 30, 2026.

Meanwhile, the Bitcoin mining entity, which operates within the United States, is directing excess capital toward an Ethereum reserve strategy.

Concurrently, the company plans to launch MAVAN, a dedicated staking infrastructure network for its assets, in 2026.