Bitmine Appoints Chief Financial Officer and Chief Operating Officer

Bitmine (NYSE:BMNR) appointed Young Kim as Chief Financial Officer and Chief Operating Officer and elected him to the board, effective immediately; he will report to Chairman Thomas "Tom" Lee.

Rhea-AI Summary

Bitmine (NYSE:BMNR) appointed Young Kim as Chief Financial Officer and Chief Operating Officer and elected him to the board, effective immediately; he will report to Chairman Thomas "Tom" Lee. The company said it now owns 3.43% of the ETH token supply, about two-thirds of the way to its stated 5% target. Bitmine will hold its Annual Stockholder Meeting on January 15, 2026 at the Wynn Las Vegas; agenda items include electing eight directors, a charter amendment to increase authorized common shares, approval of a 2025 Omnibus Incentive Plan, and a non-binding vote on a special performance-based compensation arrangement for the executive chairman. Registration deadline for in-person attendance is January 13, 2026.

Positive

• Appointed Young Kim as CFO and COO, effective immediately
• Young Kim added to the Board of Directors
• Bitmine holds 3.43% of ETH supply, advancing toward 5% goal

Negative

• Charter amendment to increase authorized shares could enable dilution
• 2025 Omnibus Incentive Plan and special executive compensation may dilute shareholders

Argus Jan 9 session

-3.90% close to close Open Argus

Details

News Market Reaction – BMNR

On Jan 9, the day this news came out, BMNR closed 3.90% below the previous close.

Data tracked by StockTitan Argus for the Jan 9 session.

Key Figures

Current ETH supply stake: 3.43% of ETH Target ETH stake: 5% of ETH Annual meeting date: January 15, 2026 +5 more

Current ETH supply stake

3.43% of ETH

Bitmine’s reported ETH token supply ownership

Target ETH stake

5% of ETH

Stated goal referred to as the 'Alchemy of 5%'

Annual meeting date

January 15, 2026

In-person meeting at Wynn Las Vegas

Meeting time

12:00pm–3:00pm PST

Scheduled duration of the annual meeting

Directors to elect

8 directors

Proposal to elect eight directors for the next year

Registration deadline

January 13, 2026 11:59 p.m. ET

Last time to register to attend the annual meeting

Proxy voting cutoff

January 14, 2026 11:59 p.m. ET

Telephone and internet voting facility close

2025 Omnibus Incentive Plan

2025 plan

Proposal to approve the 2025 Omnibus Incentive Plan

Historical Context

5 past events · Latest: Jan 05

5 events

1. Jan 05

   Crypto holdings update

   24h Move

   +6.9%

   Detailed ETH, BTC and cash position with $14.2B total holdings.

2. Jan 02

   Share authorization push

   24h Move

   +14.9%

   Chairman message urging YES vote on major authorized share increase.

3. Dec 22

   Crypto holdings update

   24h Move

   -0.9%

   Reported $13.2B holdings and ETH position at 3.37% of supply.

4. Dec 19

   Annual meeting invite

   24h Move

   +10.3%

   Formal invitation and voting details for Jan 15, 2026 meeting.

5. Dec 08

   Crypto holdings update

   24h Move

   +5.2%

   ETH holdings exceeded 3.86M tokens and $13.2B in assets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

annual stockholder meeting, charter amendment, authorized shares, 2025 omnibus incentive plan, +4 more

8 terms

annual stockholder meeting regulatory

"Bitmine will hold its Annual Stockholder Meeting at the Wynn Las Vegas on January 15, 2026"

An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.

charter amendment regulatory

"Approve the charter amendment to increase the number of authorized shares of common stock"

A charter amendment is a formal change to a corporation’s founding document — its legal rulebook that sets basic structure, powers and shareholder rights. Investors care because amending the charter can alter voting rules, share classes, dividend policies or takeover protections, which can change how value and control are distributed; think of it as revising a building’s blueprint that affects who owns which rooms and who can remodel next.

authorized shares financial

"increase the number of authorized shares of common stock"

Authorized shares are the maximum number of shares a company is allowed to issue according to its official plan. Think of it as a company’s set limit on how many pieces of its ownership it can distribute to investors. This number helps investors understand the potential for future growth or change in the company's ownership structure.

View in glossary

2025 omnibus incentive plan financial

"Approve the 2025 Omnibus Incentive Plan; and"

An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.

non-binding advisory basis regulatory

"Approve, on a non-binding advisory basis, the special, performance-based compensation"

A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.

proxy card regulatory

"Please call the number listed on your proxy card and follow the recorded instructions"

A proxy card is a document that allows shareholders to give someone else the authority to vote on their behalf at a company’s meeting. Think of it as a permission slip that ensures a shareholder’s interests are represented even if they cannot attend in person. For investors, proxy cards are important because they influence company decisions and governance, giving them a way to participate indirectly.

by proxy regulatory

"Stockholders can vote either in person at the Annual Meeting or by proxy whether or not you attend"

By proxy means taking an action indirectly through an authorized representative or written instruction instead of doing it yourself—most commonly used when a shareholder lets someone else cast their vote at a company meeting. It matters to investors because proxy votes determine corporate decisions like board elections, mergers and pay policies; treating your vote “by proxy” is like sending a trusted friend to speak for you at an important meeting, so your interests are still represented even if you can't attend in person.

cfo financial

"Young Kim has been appointed Chief Financial Officer ("CFO") and Chief Operating Officer"

The CFO (Chief Financial Officer) is the executive responsible for a company's money matters: tracking income and expenses, preparing financial reports, overseeing budgets and forecasts, and managing financial risks and capital decisions. Investors watch the CFO because their choices and transparency affect a company’s profitability, cash flow and credibility—much like a navigator whose maps and course corrections influence how safely and efficiently a ship reaches its destination.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Finance, VC and engineering veteran, Young Kim, joins dual role as CFO and COO, effective immediately

Bitmine now owns 3.43% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%'

Bitmine will hold its Annual Stockholder Meeting at the Wynn Las Vegas on January 15, 2026

Bitmine is supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital to support Bitmine's goal of acquiring 5% of ETH: The alchemy of 5%

LAS VEGAS, Jan. 9, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") today announced that Young Kim has been appointed Chief Financial Officer ("CFO") and Chief Operating Officer ("COO") in addition to being appointed as a member of the Company's Board of Directors (the "Board"). Mr. Kim will report to Thomas "Tom" Lee, Chairman of the Board. This appointment is effective immediately.

"Young brings a vast range of skills, knowledge and expertise from his experience in finance, venture capital and engineering to Bitmine," said Thomas "Tom" Lee of Fundstrat, Chairman of Bitmine. "He will play an integral role in helping to execute our roadmap and scale the business over the coming years."

"I'm excited to step into this dual role at a pivotal moment for Bitmine," said Young Kim, Bitmine's newly appointed COO and CFO. "With a strong foundation in place, Bitmine is well positioned to scale, and I look forward to partnering closely with Tom and the leadership team to help drive growth and create long-term shareholder value."

Young Kim is a seasoned investment executive with more than 20 years of experience managing multi-billion-dollar global franchises. He brings a distinctive "engineer-investor" perspective, shaped by his early career as a software engineer and his education at MIT and Harvard Business School. From 2021 to 2025, Mr. Kim served as Partner and Senior Portfolio Manager at Axiom Investors, following a decade as Senior Portfolio Manager at Columbia Threadneedle Investments from 2011 to 2021. Earlier in his career, he held roles across investment research, venture capital, business development, and software engineering, with a proven track record of scaling assets, driving product innovation, and executing complex strategies.

Bitmine will hold its Annual Meeting at the Wynn Las Vegas on January 15, 2026. The company encourages stockholders to vote and attend its in-person Annual Meeting. Details and the agenda for the Annual Meeting can be found below:

Bitmine's Annual Meeting:

• Location: Wynn Las Vegas, 3131 Las Vegas Blvd S, Las Vegas, Nevada 89109
• Timing: 12:00pm-3:00pm PST
• Agenda:
  1. Elect eight (8) directors for the next year;
  2. Approve the charter amendment to increase the number of authorized shares of common stock;
  3. Approve the 2025 Omnibus Incentive Plan; and
  4. Approve, on a non-binding advisory basis, the special, performance-based compensation arrangement for the executive chairman
• Attending the Annual Meeting: Stockholders wishing to attend the Annual Meeting in person must register in advance at https://web.viewproxy.com/BMNR/2026 and follow the instructions provided. Registration must be completed and submitted no later than January 13, 2026 at 11:59 p.m. Eastern Time.
  • On the day of the meeting, please be ready to show your ticket and photo ID at the door for entry. If you have any questions, or need assistance with the registration process please contact Alliance Advisors at LogisticsSupport@allianceadvisors.com.
• Voting: Stockholders can vote either in person at the Annual Meeting or by proxy whether or not you attend the Annual Meeting utilizing one of the following methods:
  • By mail: All stockholders of record who received paper copies of the company's proxy materials can vote by marking, signing, dating, and returning their proxy card.
  • By telephone: Please call the number listed on your proxy card and follow the recorded instructions. You will need the control number included on your proxy card.
  • By internet: Please visit https://AALvote.com/BMNR or, if you received printed copies of your proxy materials, scan the QR code located on your proxy card. You will need the control number included on your proxy card.
  • The telephone and internet voting facilities for the stockholders of record of all shares will close at 11:59 p.m., Eastern Time on January 14, 2026.
• If you have any questions or need assistance please contact Alliance Advisors at
  • 1-855-206-1722 or BMNR@allianceadvisors.com
  • Hours of Operation:
    • Monday – Friday: 9am-10pm EST
    • Saturday – Sunday: 10am-10pm EST

The Annual Meeting will be livestreamed on Bitmine's X account: https://x.com/bitmnr 

The Company recently released a corporate presentation, which can be found here: https://bitminetech.io/investor-relations/

To stay informed, please sign up at: https://bitminetech.io/contact-us/

About Bitmine

Bitmine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. Bitmine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

https://x.com/bmnrintern

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-appoints-chief-financial-officer-and-chief-operating-officer-302657075.html

SOURCE BitMine Immersion Technologies, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CFO and COO of Bitmine (BMNR) and when is the appointment effective?

Young Kim was appointed as Bitmine's CFO and COO, effective immediately, and joined the company's board.

How much of the ETH token supply does Bitmine (BMNR) own as of January 9, 2026?

Bitmine reported ownership of 3.43% of the ETH token supply, described as about two-thirds toward a 5% target.

When and where is Bitmine's (BMNR) Annual Stockholder Meeting in 2026?

The Annual Meeting is scheduled for January 15, 2026 at the Wynn Las Vegas, 12:00pm–3:00pm PST.

What are the key votes on Bitmine's (BMNR) January 15, 2026 meeting agenda?

Agenda items include electing eight directors, approving a charter amendment to increase authorized shares, approving the 2025 Omnibus Incentive Plan, and a non-binding advisory vote on a special executive compensation arrangement.

How can Bitmine (BMNR) stockholders register to attend the January 15, 2026 meeting?

Stockholders must register at https://web.viewproxy.com/BMNR/2026 by January 13, 2026 at 11:59 p.m. ET and bring a ticket and photo ID to the meeting.