73 slides from Bitmine Immersion Technologies's conference presentation, Apr 15, 2026
Slide 1: The Alchemy of 5%: Crypto coming of age in era of tokenization and AI
7th Edition PARIS PIOINE HAW WEEK 2026 THE BRIDGE BETWEEN TRADE! AND DIGITAL ASSETS —— Bitmine ( The Alchemy of 5% _) “NYSE: BMNR~ Crypto coming of age in era of tokenization and Al
Slide 2: Disclaimers
BITMINE IMMERSION TECHNOLOGIES 2 Disclaimers General Bitmine Immersion Technologies, Inc. ("BMNR") is making this presentation available in connection with an update on its business operations and strategies. Theinformation containedin this presentation does not purportto be complete or to be all-in
Slide 3: Table of Contents
Table of Contents O1 First ever ‘crypto winter’ without an equity bear market 02 Ethereum estimated fair value by 2030 - $62,500 03 Bitmine building in crypto winter, primed for next bull cycle Iustratve | Foriscussion Purposes
Slide 4: First ever 'crypto winter' without an equity bear market
O1 First ever ‘crypto winter’ without an equity bear market
Slide 5: Ethereum: Every 'crypto winter' coincides with an equity bear market
BITMINE - BMNR, ETHEREUM: Every ‘crypto winter’ coincides with an equity bear market ° PO pean ye 2,385 -65% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Fundstat, Stats 1don BMNR weekly pessoa Iiustratve | FerDiscussion Purposas
Slide 6: Ethereum: Every 'crypto winter' coincides with an equity bear market
BITMINE - BMNR, ETHEREUM: Every ‘crypto winter’ coincides with an equity bear market : ll @ 2, 365 aol i ies -66% -65% -299 WA 82% -93% ' -72% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 \dbasodon BMNR Wook px0ss 02880 Istratve | ForDiscussion Purposos
Slide 7: Ethereum: Every 'crypto winter' coincides with an equity bear market
BITMINE - BMNR, ETHEREUM: Every ‘crypto winter’ coincides with an equity bear market , 2022 2025 201 inflai tari a rm PO anno "ae ww M0 2,365 2016 ye” -82% 7% “<> | “ey bar -93% vis h -72% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sour: Fundsta, tata basodon BMNR Wook Iiustratve | FerDi
Slide 8: Ethereum: Every 'crypto winter' coincides with an equity bear market
BITMINE - BMNR, ETHEREUM: Every ‘crypto winter’ coincides with an equity bear market : 2022 2025 026 ong aon WY) tt hear mt Pi a ony 2,365 J < 9, 2016 oe ye -82% 7“ wr indestiet>, o -93% There was no bear , market in 2026. Yet, still h 2 a crypto ‘mini-winter’ 2015 2016 2017 2018 2019 2020 2021 2022
Slide 9: Ethereum: Mini-crypto winter starting Oct 2025
BITMINE “ENN Oct 10, 2025 Great Crypto de-leveraging ETHEREUM: Mini-crypto winter starting Oct 2025 Feb 2026 Iran war buildup 50004 2,365 20004 yn War Dec 2026 ‘12-Apr-2026 20:20:46 Iustratve | ForDiscussion Purposos ‘Sep Copyright 2026 Bloomberg Finance L.P. Jun 2025 XETUSD Curncy (KET-USD Cross Ra
Slide 10: Crypto: Correlated to Software and Growth stocks
BITMINE - BMNF. 10 CRYPTO: Correlated to Software and Growth stocks 1204 704 1104 604 1004 504 foe 40.915 7 4 Software $IGV Mar Jun Sep Dec Mar Jun Sep Dec Var 2024 2025 | 2026 BIT US Equity (iShares Bitcoin Trust ETF) IGV BTC vBHINR Daily 03FEB2024~13APR2026 Copyright® 2026 Bloomberg Finance LP. 13
Slide 11: Winter: Absence of equity bear market = why a 'mini crypto winter'
BITMINE - BMNR, WINTER: Absence of equity bear market = why a ‘mini crypto winter’ ‘Source: Fundsta, Stats ao caloulatodbasodon BMNR Wook pxessreeaso Istratve | ForDiscussion Purposos
Slide 12: Equity: Crypto bottoms precede equity bottom
BITMINE « MNF. Jan 20, 2025 @ QUITY: Crypto bottoms precedes equity bottom Oct 6, 2025 1 1 \ 1 1 \ Feb 6, 2026 Apr 7, + 1 1 Feb 19, 2025 mY . oar rae i S&P Jan 28, 2088, eB 22,365 Mar 7 2026 500 = Apr7, 2025 2024 aa Mar Jun Sep XBTUSD Curncy (XBT-USD Cross Rate) BTC XBT SPX SPY vBHINR Daily 130CT202
Slide 13: Soutce:Fundstat Iustratve | FerDlscussion Purposas
BITMINE - BMNR, Soutce:Fundstat Iustratve | FerDlscussion Purposas
Slide 14: CNBC Closing Bell: Tom Lee on market bottom
BITMINE - BMNF. f CNBC's Closing Bell @ fT s+ @CNBCClosingBell Is the market bottom in? Here's why @fundstrat's Tom Lee thinks so: Wei Tom Lee: The stock market bottom isin 7 26 - 399.3K Views On 2 Piss Q 19 b Istratve | Forbiscussion Purposos
Slide 15: Source: Fu Iiustratve | FerDiscussion Purposas
Source: Fu Iiustratve | FerDiscussion Purposas
Slide 16: Bottom is in: Investors always bearish at the lows
BITMINE - BMNR, 18 BOTTOM IS IN: Investors always bearish at the lows = Markets bottom well ahead of fundamentals =» AtCOVID 2020 lows, investors bearish » At Nov 2022 inflation lows, investors bearish = At April 2025 tariff wars lows, investors bearish a At 2026 Iran war lows, investors are bearish
Slide 17: War time: Equity markets bottom early in a war
BITMINE » BM WAR TIME: Equity markets bottom early in a war... 6 of 8 times: Stocks bottom just before “invasion” ‘6 months prior (2 months prior are shaded in gray) and 18 months after “85Auy 85 Feb'6 M90 Jon'Ot JOT Jn 9m Crisis Russia-Ukraine War Israel Hamas Conflict amas evades 300 ‘Aog'3 Feb M4
Slide 18: War time: Equities bottom within first 10% of a war duration
BITMINE » BMNR, WAR TIME: Equities bottom within first 10% of a war duration Duration Date of # of Months frofn_ Months to Bottom / Name Stat End (months) Market Bottom Stat to Bottgfn Duration (%) World War | AB/917 11/11/1918 & 19 129/917 8 44% World War II 128/941 = 9/2/1945 4/28/1942 3 10% Korea
Slide 19: War time: DJIA bottomed in WWII before any US troops landed
BITMINE * BMNF. WAR TIME: DJIA bottomed in WWII before any US troops landed 2004 June 1944 sv 1, ag Hd gp ay (Europe) June 1942 enters Battle of 1004 wwii 1 Midway r fs ree (Pacific) 904 om 1 rs 1 Bottom 1939 1940 1941 t 1942 1943 1944 | 1945 1946 1947 1948 INDU Index (Dow Jones Industrial Average)
Slide 20: War time: US economy to get a boost from military spending
BITMINE » BMNR, WAR TIME: US economy to get a boost from military spending Estimated US Direct Spending on Major Wars Since 1900 Total US Costin Cost per Total Cost as Duration Nominal — 2(126 Dollas Month in 2026 %ofUS Name (months) Cost ($B) (SB) Dolls ($B) _ Wartime GDP 1 World War | 19 $20 $484
Slide 21: Trump Requests $1.5 Trillion for Military Spending
z The New York Times @ : Wn ies +44% increase Breaking News: The White House s#id it would ask Congress for about $1.5 trillion for defense in 2027,//s highest level in modern history. % iS ‘Trump Requests $1.5 Tlion for Military Spending wm From nytimes.com 8:54 AM - Apr 3, 2026 - 929.2K Views Or t
Slide 22: WTI: Oil surge on supply disruptions
BITMINE - BMNR, 2 WTI: Oil surge on supply disruptions 1204 e $68 if * REL t ae al 4 Late Feb 27, 2026 US attacks Iran 704 Jan 15 Jan 30 Feb 13 Feb 27 War 16 War 31 2026 CL1 Comdty (Generic 1st ‘CL’ Future) WTI VBHNR Daily 31DEC2025-12APR2026 Copyright 2026 Bloomberg Finance L.P. {12-Apr-2026 20:46:
Slide 23: WTI Oil: Crude acting heavy, market sees short disruption
BITMINE - BMNF. WTI OIL: Crude acting heavy...market sees short disruption Hict11 104.57 8.00 ~~, —ic104.55/104.58 5x2 Prev 96.57 At_20:30d_Vol_28084 Me 102.00 Hi 105.63 Lo 101.92 Openint 170988 i | Ese a Ww ol a View Table & Curves/Dates/## ‘Track 7% ‘Annotate °. Zoom @ US Crude WTI Future : Fair V
Slide 24: VIX: Surged above and then closed below
VIX: Surged above 30 and then closed below 20 35 354 | th back to + soar lth prewar ol : i Jan 15 Jan 30 Feb 13 Feb 27 Mar 16 Mar 31 10 tne (Qe ly Ind) ly Daly OED eR Carpe das comb Phase sha 26 9.5794 ‘Source: Fundstattoomb 8
Slide 25: Bottom in: VIX decline on heels of oil decline
BITMINE - BMNF 25 BOTTOM IN: VIX decline on heels of -20% oil decline = bottom in 3 of 3 conditions: i. VIX >30 = Oil-15% 2. 3. Oil Largest 2D % VIX <20 S&P 500 Forward Returns from Vix Cross Vix Decline within Vix Cross Vix Above 30__Level Date period Under 20 Level 1M 3M 6M 1 8/6/1990 35.9 1/18/19
Slide 26: Ethereum estimated fair value by 2030 - $62,500
02 Ethereum estimated fair value by 2030 — $62,500 Iustratve | Foriscussion Purposes
Slide 27: Iran: Crypto & US Energy & Tech Outperformers since war
BITMINE - BMNR, IRAN: Crypto & US Energy & Tech Outperformers since war Relative Performance to SGP 500 since start of Iran Conflict Ethereum Bitcoin Technology éx-Mag 7 MSC! World Energy Energy MSC! World Technology Magnificent 7 MSC! World Utilities Financials Utilities MSCI World Comm. Services M
Slide 28: Iran: Crypto & US Energy & Tech Outperformers since war
IRAN: Crypto & US Energy & Tech Outperformers since war Relatiy o) OO since start of Iran — ETH #1 6.4% na performer Technology 8x-Mag MSCI World enerey Energy MSCI World Technology Magnificent 7 MSCI World Utilities Financials Utilities MSCI World Comm. Services MSCI World Financials MSCI World Rea
Slide 29: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 29 ETHEREUM: Exiting a long consolidation 2048 2,365 0.5 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Source: Fundsta Bloomberg, colnmarketeap Iiustratve | FerDiscussion Purposas
Slide 30: Ethereum: Exiting a long consolidation
BITMINE - BMNR, ETHEREUM: Exiting a long consolidation 8192 consolidation HOGG ig a 2048 1024 idation | (sete see ee eeeceaacaee! 512 consolidation 256 A oan 128 re cénsolidation 16 «=e 2,365 0.5 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Source Fundsta, Bloomberg, coinmarketap Iiu
Slide 31: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 3 ETHEREUM: Exiting a long consolidation $4,626 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Source Fundsta, Bloomberg, coinmarketap Iiustratve | FerDiscussion Purposas
Slide 32: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 32 ETHEREUM: Exiting a long consolidation 5Ax 227x 24,628 4096 : 2048 $1,366 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Sou: Fundstat, Bloomberg, coinmarkotcap Iiustratve | FerDiscussion Purposas
Slide 33: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 33 ETHEREUM: Exiting a long consolidation 5Ax 227x 24,628 4096 : 2048 $1,366 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Sou: Fundstat, Bloomberg, coinmarkotcap Istratve | ForDiscussion Purposos
Slide 34: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 34 ETHEREUM: Exiting a long consolidation 54x 227X $4,626 tokenization 4096 : 2048 $1,366 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Sou: Fundstat, Bloomberg, coinmarkotcap Istratve | ForDiscussion Purposos
Slide 35: Ethereum: Exiting a long consolidation
BITMINE - BMNR, 36 ETHEREUM: Exiting a long consolidation 54x agentic Al 227X $4,626 tokenization 4096 : 2048 $1,366 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Sou: Fundstat, Bloomberg, coinmarkotcap Istratve | Forbiscussion Purposos
Slide 36: Ethereum: Exiting a long consolidation
BITMINE -BMNR Projected ETHEREUM: Exiting a long consolidation ~25x 54x agentic Al 227X $4,626 tokenization 2,365 0.25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ‘Sou: Fundstat, Bloomberg, coinmarkotcap Istratve | ForDiscussion Purposos
Slide 37: In 1971, USD went 'fully synthetic'
BITMINE - BMNR, In 1971, USD went “fully synthetic”
Slide 38: In 1971, the USD became fully 'synthetic'
BITMINE - BMNR, 98 In 1971, the USD became fully “synthetic” US financial system innovation born Find Create market for Store of value “synthetic dollar” ‘eet Istratve | Forbiscussion Purposos
Slide 39: Wall Street innovation exploded in years post-1971
BITMINE - BMNR, 39 Wall Street innovation exploded in 15 years post-1971 exchange traded funds Zero- Interest futures rate Mortgage Currency Swaps Backed SWaps Debit securities Money Currency cards Market futures funds Synthetic dollar 1978 970s 1971 ‘Sauce: Fundstat
Slide 40: In 2025, real world becoming 'digital'
BITMINE - BMNR, 40 In 2025, real world becoming “digital” Wall Street building here Find “Digital” Create market for Store of value “digital assets” Iustratve | Foriscussion Purposos @ Bitcoin Ethereum LN
Slide 41: Jamie Dimon: Crypto is better than the current financial system
BITMINE - BMNF. “Crypto is better than the current financial system!" the "experiment" phase is over. Jamie Dimon, CEO of JPMorgan APA Documenting Saylor @ Gm Oo» esaylordocs ‘= JAMIE DIMON, CEO OF JP MORGAN, GOES ON NATIONAL TV AND SAID: "CRYPTO IS BETTER THAN THE CURRENT FINANCIAL SYSTEM!" THE "EX
Slide 42: Wall Street to innovate on the blockchain next 10-15 years
BITMINE - BMNR, Wall Street to innovate on the blockchain next 10-15 years Monetize Intellectual ropert Monetize ae Tokenize Reputation Tokenize Realestate Tokenize Gregit Equiti Stablecoins aed Modernize data Monetize collection royalties Monetize loyalty Programs Verify agentic Al Proof of} humani
Slide 43: Polymarket: Clarity Act signed into law in 2026?
BITMINE - BMNF. Souco:Polmarkot & Polymarket Q Search polymarkets Trending Breaking New | Politics Sports Crypto Esports Crypto - Trump Clarity Act signed into law in 2026? 59% chance «3x $530,782 Vol. © Jan 1, 2027 Iran Finance 43 © How it works Geopolitics Tech Culture Economy > % A 75% 10% 05% 60
Slide 44: Marc Andreessen on AI and crypto
BITMINE - BMNR, e me, listen to Marc Andreessen (founder of at6z - the st VO). "This is the grand venue unification of Al and “ crypto. Al agents are going to need money. " ig to be HUGE - and one of the best product-market fits Marc Andreessen (founder of a16z)
Slide 45: Agentic AI: Comparison traditional rails vs crypto
BITMINE - BMNR, 48 AGENTIC Al: Comparison traditional rails vs crypto Traditional Rails (Banks / APIs / Category What Agentic Al Needs Web2) /( Blockchain/ Crypto Advantage \ 7 Fragmented (logins, RYC per platform, | Sel Soverein identity Wales, Identity Persistent, global, machine-native identity a
Slide 46: ETH/BTC ratio: 2026 tailwinds argue for ATH in ratio
BITMINE - BMNR, 48 ETH/BTC ratio: 2026 tailwinds argue for ATH (all time high) in ratio Projected uN ETH/BTC: ETH/BTC: soo a Fatio 0.08727 2222 0.070004 8-yr avg: 0.04790 0.060004 0.0500074............ 4 ETH/BTC: e 0.03202 0040004 boca 0.020004 2018 2019 2020 2021 2022 2023 2024 2025 2026 XETUSD Cur
Slide 47: ETH: Implied Fair Value based on ETH/BTC ratio = $12k to $22k
BITMINE - BMNR, a7 ETH: Implied Fair Value based on ETH/BTC ratio = $12k to $22k ETH/BTC ETH 8-yr avg 2021 high “payment rails” uN \ | V 0.0239 0.0359 0.0479 0.0598 0.0873 0.1250) 0.2500 | 0.3500 100,000| 2,393 3,590 4786 5,983 8727 12,500 35,000 125,000| 2,991 4,487 5,983 7,478 10,909 15,625 43,750
Slide 48: Ethereum: Prior cycles suggest $60k by 2028-2029
100) (Log ETH Price (Rebased Bear Market Low BITMINE - BMNR, 48 ETHEREUM: Prior cycles suggest $60k by 2028-2029 Nov8, 2021 58X Date of Low Composite 30X Scale) ‘Source: Funda, Bloomberg, coinmarkotcap Iustratve | Foriscussion Purposes
Slide 49: Bitmine building in crypto winter, primed for next bull cycle
03 Bitmine building in crypto winter, primed for next bull cycle
Slide 50: Bitmine: Building and stacking during the crypto 'mini-winter'
BITMINE - MNF, 50 BITMINE: Building and stacking during the crypto ‘mini-winter’ Invested into Eightco, the intersection of Al and identity Launched MAVAN, largest single staking operation in the World Invested $200 million to Beast Industries, one of the world’s largest content creator Uplisted to
Slide 51: Alchemy of 5%: Reached 4% in just months
BITMINE » BMNR, ALCHELMY OF 5%: Reached 4% in just 9 months st 5% --® Sometime 2026 3% _--- 2 Nov 21, 2%- 2025 ad Sep 21, 1% / 2025 @ Aug 13, 0.1% 2025 @ June 30, 2025 June 2025 Dec 2025 June 2026 Dec 2026 ‘Source: Fundsta, Stats ao caloulatodbasodon BMNR Wook pxessreeaso Iiustratve | FerDiscussion
Slide 52: NYSE: Bitmine is now traded on Big Board NYSE
BITMINE » BM NYSE: Bitmine is now traded on Big Board NYSE Bitmine IS Now Bitmine Immersion Technologies traded on the Big Dolsting to Neve to Board NYSE... eae Repurchase Program to $4 Billion NYSE:
Slide 53: MAVAN: Now open for business
BITMINE - BMNR, MAVAN: Now open for business = MAVAN launched commercial service at end of March 2026. a MAVAN is the largest single staking operator in the World with >$14 billion staked. = MAVAN staking other clients assets representing >$2 billion USD and non- ETH assets including HYPE and SOL. ‘
Slide 54: Staking: BMNR now staking over 3.3 million ETH
BITMINE - BMNR, STAKING: BMNR now staking over 3.3 million ETH 6,034,595 , 4,874,858 #ETHStakedOverTime .81% Fully staked 2.807 us@.607 a5 080.48 00 48 040 48,040 8,040 618. 142.04. 140,040" ERT SSSACSE ETE 55% 1.899,0002.008287 1.256.083 m= $384 Annualized Staking Revenue by Week ($ Million) $310 9
Slide 55: Moonshot: Eightco
BITMINE - BMNR, MOONSHOT: Eightco EIGHTCO Home About Holdings _ Investor Relations v ‘TREASURY OVERVIEW $321M
Slide 56: Moonshot: Eightco's private holdings are undervalued
BITMINE - BMNR, MOONSHOT: We believe Eightco’s private holdings are undervalued VOX" monse The public ticker for private tech- Anthropic Databricks Openal Anduril Ramp SpaceX Epic Games Flock Safety dot (Fivetran) Vanta Source: ighico, VOX 20.7% 17.7% 9.9% 6.9% 5.1% 5.0% 3.5% 3.0% 2.8% 19% EIGHTCO o
Slide 57: Bitmine Investment in Eightco (Worldcoin)
BITMINE - BMNF. 87 Bitmine Investment in Eightco (NASDAQ: ORBS) @world + Founded in 2019 by Sam Altman (OpenAl CEO) and Alex Blania + Dedicated to building a global-scale proof-of-human network to distinguish humans from Al in a post-AGI world + End-to-end stack comprising of hardware, privacy- pres
Slide 58: Reddit considering human verification
BITMINE - 8MNR Polymarket et 58 @Polymarket JUST IN: Reddit CEO says the company is considering requiring Face ID to ensure humanity in order to crack down on Al bots. 26 + 314.3K View 12:58 PM - Mar Reddit CEO -— = Ss ne 8 considering Reddit in talks to embrace req Uiri ng Face | D) Beaten s iris-s
Slide 59: Newest Moonshot: Bitmine $200 million investment
BITMINE - BM 59 Newest Moonshot: Bitmine $200 million investment
Slide 60: Beast Financial: Could be the next Robinhood for GenZ
BITMINE - BMNR, 60 BEAST FINANCIAL: We believe could be the next Robinhood for GenZ US Generation Population Leading institution Baby Boomers 75 Schwab (millions) Blackrock Genx 66 Blackstone Robinhood Millennials 75 Sofi Mr Beast dominates Chime Genz Beast Financial Services GenAlpha
Slide 61: Will the 'Great Wealth Transfer' transform the markets?
BANK OF AMERICA Will the 'Great Wealth Transfer’ transform the markets? mated wealth to be $46 trillion $39 trillion $15 trillion $6 trillion Baby boomers Gen X Millennials GenZ (born 1946-1964) (1965-1980) (1981-1996) (1997 or later) Source: Cerulli Associates, “The Cerulli Report: U.S. High-Net-Wo
Slide 62: Beast Industries
BITMINE - BMNR, Neal Beast Industries w HO |S MRFBEAST,? 2. Founder Of Beast Industries Spectacle & Philanthropy #1 Creator In The World 1.4 Billion Uniques 1 Billion Followers 1s of Sop 26, 2025, iustatve | For Discussion Purposos
Slide 63: DATs: DATs track the price of treasury asset
BITMINE - BMNF. 63 DATS: DATS track the price of treasury asset... up or down ‘AsofJan4, 2026 Istratve | Forbiscussion Purposos Source: Fundstat, Bloomberg
Slide 64: DATs: DATs track the price of treasury asset
DATS: DATS track the price of treasury asset... up or down Istratve | Forbiscussion Purposos
Slide 65: Outperformed ETH in 2025 and 2026
BITMINE - BMNR, BITMINE: Outperformed ETH in 2025 and 2026 2025: June 30 to Dec 31 Cy Ethereum | 22% BitMine a Iustratve | Foriscussion Purposes
Slide 66: Outperformed ETH in 2025 and 2026
BITMINE - BMNR, BITMINE: Outperformed ETH in 2025 and 2026 2025: June 30 to Dec 31 Outperformed +48,100bp uN YW Ethereum | 22% BitMine Iustratve | Foriscussion Purposes
Slide 67: Outperformed ETH in 2025 and 2026
BITMINE - BMNR, BITMINE: Outperformed ETH in 2025 and 2026 2025: 2026: June 30 to Dec 31 Dec 31 to April 10 Outperformed +48,100bp YW Ethereum | 22% -18%) -15%| BitMine Iustratve | Foriscussion Purposes
Slide 68: Outperformed ETH in 2025 and 2026
BITMINE - BMNR, BITMINE: Outperformed ETH in 2025 and 2026 2025: 2026: June 30 to Dec 31 Dec 31 to April 10 Outperformed +48,100bp Outperformed +310bp YW Ethereum BitMine Iustratve | Foriscussion Purposes
Slide 69: BMNR: Stock price follows ETH price
BITMINE BMNR cy BMNR: Stock price follows ETH price BMNR US Equity ‘stati | For iscussion Puposos
Slide 70: BMNR: Stock price follows ETH price
BMNR: Stock price follows ETH price BITMINE BMNR ticker: BMNR “Coefficient: Y 0.018 * ETH + ETHIshare accretion
Slide 71: BMNR: Stock price follows ETH price
BMNR: Stock price follows ETH price BMNR: $5,000 $5,000 bcc cece eee aes ease see esas ea eease. BITMINE BMNR ticker: BMNR $22,000 $62,500 $250,000 — nN 0.015 * ETH + ETHIshare accretion Iustratve | Foriscussion Purposes
Slide 72: Bitmine management team
BITMINE - BMNR, Bitmine management team Thomas "Tom" Lee Chairman ‘Thomas Lee is a Managing Partner and the Head of Research at Fundstrat, Chief Investment Officer of Fundstrat Capital and the Chairman of the Board of BitMine. He is. an accomplished Wall Street strategist with over 30 years of exper
Slide 73: Thank You!
Thank You! Bitmine a y, NYSE: BMNR Iustratve | Foriscussion Purposes