PANews reported on November 15th that, according to filings with the U.S. Securities and Exchange Commission (SEC), Founders Fund, the venture capital firm led by PayPal co-founder Peter Thiel, has sold half of its stake in Bitmine. It currently holds 2,547,001 shares in the company.

According to previous reports , PayPal co-founder Peter Thiel, through his related entities, holds a total of 5,094,000 ordinary shares of BitMine Immersion Technologies, Inc. (stock code: 09175A206), representing 9.1% of the company's issued shares.