BitMine Immersion Technologies Inc (AMEX:BMNR) shares are ripping higher in Tuesday’s after-hours session after billionaire PayPal and Palantir co-founder Peter Thiel disclosed a stake in the company.
What To Know: Thiel’s Founders Fund Growth II Management disclosed in an SEC filing late Tuesday that it took a 9.1% stake in BitMine Immersion Technologies as of July 8.
BitMine recently announced a pivot to an Ethereum (CRYPTO: ETH) treasury strategy, which has sparked a flurry of buying in the name.
BitMine closed on an initial private placement of $250 million last week with …