Billionaire Peter Thiel has bought a 9.1% stake in the crypto mining service company BitMine, which sent the company’s stock soaring in after-hour trading.
Shares in crypto mining service provider BitMine Immersion Technologies rallied 12.5% after the bell on Tuesday as billionaire venture capitalist Peter Thiel scooped up an over 9% stake in the firm.
Thiel bought 5.09 million shares in BitMine through various arms of his venture capital firm Founders Fund amounting to a 9.1% stake, according to a regulatory filing on Tuesday.
Thiel is best known for co-founding payments giant PayPal and software firm and defence contractor Palantir Technologies. His estimated net worth stands at $22.7 billion, making him the 92nd richest person in the world, according to Forbes.
