The core of BitMine is that when the stock price P is higher than the net asset value per share (NAV) (i.e., mNAV>1), the company can use the ATM mechanism to issue additional financing within the premium range and use the proceeds to purchase ETH, thereby increasing its ETH holdings per share and bringing about an increase in its book value; As a small and medium-sized individual stock, BMNR's primary market has limited carrying capacity, and its financing efficiency is highly dependent on market sentiment and macro liquidity conditions; Once trust recedes, market preferences reverse, or regulation tightens, companies with shell structures lacking actual cash flow and sustainable profit models will face extreme risks of instant liquidity depletion and non-linear valuation collapse. Read the full article: http://(wubleck123. com)/index. php? m=content&c=index&a=show&catid=47&id=47405