Bitmine Immersion Technologies (BMNR) confirmed the board-approved departure of President Erik Nelson. The company accelerates its accumulation of Ethereum. BMNR also launches large-scale staking operations.
Bitmine recently deployed substantial capital. This deployment includes a $200 million investment into Beast Industries.
Nelson's exit coincides with these major financial commitments. Investors questioned the company's approach to risk management, governance, and capital allocation.