Bitmine Immersion Technologies Inc SEC Filings

Jonathan Robert Bates, Chief Executive Officer and director of BitMine Immersion Technologies, Inc. (BMNR), amended a Form 4 to report a prepaid variable forward contract entered on 09/11/2025. Bates received $10,136,778 in exchange for an obligation to deliver up to 250,000 common shares (the Base Amount) on a settlement date after 09/11/2028. He pledged the 250,000 shares as collateral, retained voting rights, and must pay the economic equivalent of dividends to the counterparty. Delivery on settlement is formulaic: full Base Amount if the settlement price is at or below $45.20, a scaled amount between $45.20 and $73.26, and a capped formula if above $73.26. The amendment corrects prior reporting that mischaracterized the transaction as a loan.

Jonathan Robert Bates, Director and CEO of Bitmine Immersion Technologies, Inc. (BMNR), entered into two prepaid variable forward contracts on 09/22/2025 covering an aggregate Base Amount of 150,000 common shares (50,000 for himself and 100,000 for Progression Asset Management Corporation). In exchange for the contracts he received cash payments of $2,389,663 and $4,779,326, respectively, totaling $7,168,989. The contracts require delivery on a settlement date after September 11, 2028, with the final number of shares to be delivered determined by a formula tied to the stock's settlement price, subject to a $90.00 cap and a $53.30 floor.

Bates pledged the covered shares as security but retained voting rights during the pledge while being obligated to pay the Bank the economic benefits of dividends. The 100,000-share amount is held indirectly by Progression Asset Management Corporation, a company wholly owned by Bates.

BitMine Immersion Technologies, Inc. (BMNR) Form 144 notifies the SEC of a proposed sale of 100,000 common shares to be executed through UBS Securities LLC on 09/22/2025 with an aggregate market value of $5,510,000.00. The filing shows the shares were acquired on 08/26/2025 as a partnership distribution from Innovative Digital Investors Emerging Technology LP and records 252,044 shares received in that distribution. The notice also reports a prior sale by the same account of 250,000 shares on 09/11/2025 generating gross proceeds of $10,136,778.00. The filer attests they are not aware of undisclosed material adverse information.

BitMine Immersion Technologies, Inc. (BMNR) insider Jonathan Robert Bates filed a Form 144 indicating proposed and recent sales of common stock. The filing lists a proposed sale of 50,000 shares through UBS Securities LLC (NYSE) with an aggregate market value of $2,755,000 and an approximate sale date of 09/22/2025. The securities were originally acquired on 12/20/2022 as executive compensation (375,000 shares acquired). The filing also discloses a sale completed on 09/11/2025 of 250,000 shares generating $10,136,778 in gross proceeds. The filer certifies no undisclosed material adverse information.

Bitmine Immersion Technologies, Inc. is offering Warrants relating to 10,435,430 shares of common stock at an exercise price of $87.50 per share. The Warrants are exercisable immediately upon issuance and may be exercised at any time up to 11:59 p.m. on March 22, 2027. The prospectus shows common shares outstanding of 279,524,602 before the offering and 295,177,747 immediately after the offering, assuming exercise of all Warrants.

The document discloses placement agent fees of $11,870,301.62 and proceeds to the company (before expenses) of $353,369,748.38. It states net tangible book value metrics: an increase attributable to new investors of $0.57 per share and an as-adjusted net tangible book value per share of $37.11. Use of proceeds is described broadly for general corporate purposes, including working capital, pursuit of an Ethereum strategy, purchases of income-generating assets, repurchases of common stock, repayment of debt, and potential acquisitions.

Bitmine Immersion Technologies, Inc. filed a Schedule 13G reporting ownership of 13,698,630 shares of Eightco Holdings Inc. common stock, representing 7.54% of the class. The shares were acquired pursuant to a Securities Purchase Agreement dated September 8, 2025. The percentage is calculated using 181,474,997 shares outstanding as disclosed in Eightco's Form S-3. Bitmine reports no sole voting or dispositive power; voting and disposition are exercised by Bitmine's board by majority vote, and no individual director claims beneficial ownership. The filing indicates a passive, non-control stake held as of the September 9, 2025 event date.