BitMine Immersion, a cryptocurrency mining firm that uses immersion cooling technology, now holds nearly 5.8 million ether after its most recent purchase, the company said.
Growing ether reserves
The company's ether holdings have increased steadily over time. The latest acquisition brings the total to approximately 5.8 million ETH. The firm did not disclose the exact amount of the purchase or the price paid.
What the company does
BitMine Immersion focuses on mining digital assets using immersion cooling, a method that submerges mining hardware in a dielectric fluid to improve efficiency and reduce heat. The company has been accumulating ether specifically.
The company has not commented on its future plans for the ether holdings.
