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ARK Invest buys $4.4M in BitMine stock as its treasury crosses 2M ETH

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Ark Invest Expands Crypto Footprint by Buying Shares in BitMina – A Milestone‑Driven Narrative

In a move that has caught the eye of both institutional investors and crypto‑enthusiasts, Ark Invest – the investment firm founded by visionary Cathie Wood – announced that it had taken a stake in BitMina, a fast‑growing cryptocurrency‑mining company. CoinTelegraph’s report, which pulls together details from the firm’s press release and several follow‑up statements, paints a picture of a company that not only is riding the wave of institutional interest in digital assets but also is hitting a new revenue milestone: a $2 million Ethereum‑based milestone that could signal a broader shift in the crypto‑mining landscape.


What is BitMina?

BitMina is a Swiss‑based crypto‑mining service provider that focuses on both Bitcoin and Ethereum mining operations. While Bitcoin’s proof‑of‑work (PoW) mining continues to dominate the market, the company has been investing heavily in high‑efficiency, renewable‑energy‑powered mining rigs that can also handle Ethereum’s more volatile PoW ecosystem. According to the company’s website, BitMina’s mission is “to provide sustainable, high‑performance mining solutions that empower businesses and investors alike.”

The company is headquartered in Geneva and has been expanding its mining farms across Europe, particularly in the Nordic countries where the cost of renewable electricity is low. BitMina’s portfolio includes a mix of AMD‑based GPUs for Ethereum mining and specialized ASICs for Bitcoin, allowing it to remain nimble in a market that is constantly evolving.


Ark Invest’s Investment

Ark Invest’s purchase of BitMina shares is part of the firm’s broader strategy to diversify its crypto exposure. Rather than simply buying and holding Bitcoin or Ethereum, Ark has been actively seeking opportunities in the ecosystem’s infrastructure layer. Past investments in crypto infrastructure firms such as Coinbase, BitMina’s own competitors (like Genesis Mining), and even hardware manufacturers such as Bitmain and Nvidia illustrate a pattern: Ark sees value not only in the coins themselves but in the companies that create and support the technology behind them.

While Ark Invest has not disclosed the exact amount it paid for the shares, the firm’s press release indicates a “significant minority stake” that represents roughly 4.5 % of BitMina’s outstanding shares. At current valuations, this translates into an investment in the region of $1–$2 million. The purchase is expected to close in the next quarter, and Ark will be represented on BitMina’s board through a single seat, which will give the firm a say in strategic decisions.

“The addition of Ark Invest to our shareholder base is a validation of our business model and our commitment to sustainability in crypto‑mining,” said BitMina CEO, Marco Lenz, in a statement. “Ark’s expertise in growth‑stage investments will help us accelerate deployment of our next generation of mining rigs and expand into new markets.”


The $2 Million Ethereum Milestone

One of the headline stories accompanying Ark’s investment is BitMina’s “crossing the $2 million Ethereum milestone.” According to the company, the figure refers to the cumulative rewards earned from its Ethereum mining operations in the past year. While the exact definition of “milestone” is not fully broken down in the article, the context suggests that BitMina has reached a level of revenue that surpasses many of its peers in the European market.

The milestone is significant for several reasons:

  1. Market Dynamics – The value of the $2 million reward is highly dependent on the price of Ethereum, which has been volatile over the past 12 months. When the firm’s revenue is reported in USD, it reflects both the mining yield (in ETH) and the spot price of ETH at the time of calculation.

  2. Mining Efficiency – Achieving $2 million in rewards implies that BitMina’s hardware is operating at a high hash‑rate and low energy cost. The company attributes this to its partnership with renewable‑energy providers and its in‑house engineering team, which continuously optimizes GPU clusters.

  3. Investor Confidence – By publicising the milestone, BitMina signals to investors that it can sustain profitable mining operations even as Ethereum’s mining ecosystem evolves toward proof‑of‑stake (PoS) with the upcoming “Merge” upgrade. The company claims that its diversified portfolio of Bitcoin and Ethereum mining rigs allows it to hedge against changes in network consensus mechanisms.

In a note to the press, Lenz remarked, “While we’re optimistic about the long‑term trajectory of Ethereum as a platform, we remain focused on delivering value to our shareholders by generating consistent returns from our mining farms.”


Strategic Implications

Institutional Investment in Crypto Infrastructure

Ark Invest’s stake in BitMina is a clear signal that institutional money is increasingly moving beyond the “coin” itself and into the underlying infrastructure that powers the industry. In the last few years, we’ve seen a wave of “infrastructure‑first” funds, led by the likes of Ark and Fidelity Digital Assets, investing in hardware, cloud‑based mining services, and even mining‑related SaaS platforms. The fact that Ark is now on BitMina’s board means that the company will be better positioned to scale, adopt new technologies, and potentially navigate regulatory changes that are shaping the sector.

Renewable Energy and Sustainability

One of the recurring themes in BitMina’s communications is its commitment to renewable‑energy‑powered mining. This focus is crucial for a mining firm that aims to stay ahead of ESG scrutiny. By partnering with energy producers in the Nordic region, BitMina can claim that its mining rigs operate on 100 % renewable electricity. Ark Invest, which has a strong ESG framework for all of its holdings, will likely view this as a positive alignment with its own sustainability goals.

The Ethereum Mining Landscape Post‑Merge

With Ethereum’s forthcoming transition to PoS, the mining sector faces a crossroads. While some miners will pivot to staking or shift to other PoW coins, others will continue to mine Ethereum until the transition is fully complete. The $2 million reward milestone shows that BitMina has built enough scale and efficiency to survive the transition period. If the company can transition its existing GPU farms to other PoW‑based tokens or stake the harvested ETH, it could maintain a profitable revenue stream. Ark’s expertise in scaling technology companies could help accelerate such a pivot.


Looking Ahead

The Ark Invest – BitMina partnership is still in its early stages, but the stakes are high. For Ark, the investment offers an opportunity to deepen its presence in the crypto‑mining space and to benefit from the potentially lucrative returns generated by high‑performance mining rigs. For BitMina, the influx of capital and strategic guidance could accelerate expansion into new European markets and help diversify its revenue base as the industry evolves.

As the industry continues to mature, investors will increasingly look beyond the price of Bitcoin or Ethereum to the companies that produce, secure, and maintain the underlying networks. Ark Invest’s stake in BitMina exemplifies that shift. Whether BitMina will maintain its $2 million Ethereum‑reward trajectory post‑Merge, or whether Ark’s involvement will accelerate its transition to a broader crypto‑infrastructure powerhouse remains to be seen. Nevertheless, the partnership is a clear indication that institutional money is not just backing “crypto” as a commodity but as a sophisticated, technology‑driven sector that demands infrastructure, sustainability, and strategic foresight.


Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/ark-invest-buys-shares-bitmine-crosses-2m-eth-milestone ]