STOCK TITAN

[8-K] BitMine Immersion Technologies, Inc. Reports Material Event

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(Neutral)
Filing Sentiment
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8-K
Rhea-AI Filing Summary

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) filed an 8-K announcing that its Board authorized a $1.0 billion common-stock repurchase program on 25 Jul 2025. Buybacks may be executed through open-market purchases, privately negotiated transactions, accelerated share repurchases or Rule 10b5-1 plans, all in accordance with Rule 10b-18. The company is not obligated to repurchase any specific amount; activity will depend on capital resources, performance metrics, market conditions and other factors.

To facilitate the plan, on 28 Jul 2025 BMNR signed an Open Market Share Repurchase Agreement with Cantor Fitzgerald & Co., which will act as a non-exclusive agent to repurchase shares in the open market. Cantor will earn a $0.02 commission per share. The agreement is open-ended and can be terminated at any time by either party on written notice.

The company issued a press release on 29 Jul 2025 (Ex. 99.1) detailing the authorization; the filing includes no financial results or guidance. Exhibits: 10.1 (repurchase agreement) and 99.1 (press release).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) ha presentato un modulo 8-K annunciando che il suo Consiglio di Amministrazione ha autorizzato un programma di riacquisto di azioni ordinarie per 1,0 miliardi di dollari il 25 luglio 2025. I riacquisti potranno essere effettuati tramite acquisti sul mercato aperto, transazioni negoziate privatamente, riacquisti accelerati di azioni o piani secondo la Regola 10b5-1, tutti conformi alla Regola 10b-18. La società non è obbligata a riacquistare una quantità specifica; l'attività dipenderà dalle risorse di capitale, dai parametri di performance, dalle condizioni di mercato e da altri fattori.

Per facilitare il piano, il 28 luglio 2025 BMNR ha firmato un Accordo di Riacquisto Azionario sul Mercato Aperto con Cantor Fitzgerald & Co., che agirà come agente non esclusivo per riacquistare azioni sul mercato aperto. Cantor guadagnerà una commissione di 0,02 dollari per azione. L'accordo è a tempo indeterminato e può essere terminato in qualsiasi momento da entrambe le parti con un preavviso scritto.

La società ha emesso un comunicato stampa il 29 luglio 2025 (Es. 99.1) che dettaglia l'autorizzazione; il modulo non include risultati finanziari o indicazioni. Allegati: 10.1 (accordo di riacquisto) e 99.1 (comunicato stampa).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) presentó un formulario 8-K anunciando que su Junta Directiva autorizó un programa de recompra de acciones comunes por 1.000 millones de dólares el 25 de julio de 2025. Las recompras pueden ejecutarse mediante compras en el mercado abierto, transacciones negociadas de forma privada, recompras aceleradas de acciones o planes bajo la Regla 10b5-1, todo conforme a la Regla 10b-18. La compañía no está obligada a recomprar una cantidad específica; la actividad dependerá de los recursos de capital, métricas de desempeño, condiciones del mercado y otros factores.

Para facilitar el plan, el 28 de julio de 2025 BMNR firmó un Acuerdo de Recompra de Acciones en el Mercado Abierto con Cantor Fitzgerald & Co., que actuará como agente no exclusivo para recomprar acciones en el mercado abierto. Cantor ganará una comisión de 0,02 dólares por acción. El acuerdo es indefinido y puede ser terminado en cualquier momento por cualquiera de las partes mediante notificación por escrito.

La compañía emitió un comunicado de prensa el 29 de julio de 2025 (Ex. 99.1) detallando la autorización; la presentación no incluye resultados financieros ni guías. Anexos: 10.1 (acuerdo de recompra) y 99.1 (comunicado de prensa).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR)는 2025년 7월 25일 이사회가 10억 달러 규모의 보통주 자사주 매입 프로그램을 승인했다고 8-K 보고서를 제출했습니다. 자사주 매입은 공개 시장 매수, 사적 협상 거래, 가속화된 주식 매입 또는 Rule 10b5-1 계획을 통해 이루어질 수 있으며, 모두 Rule 10b-18을 준수합니다. 회사는 특정 금액을 반드시 매입해야 할 의무는 없으며, 자본 자원, 성과 지표, 시장 상황 및 기타 요인에 따라 매입 활동이 결정됩니다.

계획 실행을 위해 2025년 7월 28일 BMNR은 Cantor Fitzgerald & Co.와 공개 시장 주식 매입 계약을 체결했으며, Cantor는 비독점 대리인으로서 공개 시장에서 주식을 매입할 예정입니다. Cantor는 주당 0.02달러의 수수료를 받습니다. 이 계약은 기한이 없으며 어느 한 쪽이 서면 통지로 언제든지 해지할 수 있습니다.

회사는 2025년 7월 29일(Ex. 99.1) 승인 내용을 상세히 설명하는 보도자료를 발표했으며, 제출 서류에는 재무 결과나 가이던스는 포함되어 있지 않습니다. 첨부문서: 10.1 (매입 계약) 및 99.1 (보도자료).

BitMine Immersion Technologies, Inc. (NYSE American : BMNR) a déposé un formulaire 8-K annonçant que son conseil d'administration a autorisé un programme de rachat d'actions ordinaires d'un montant d'un milliard de dollars le 25 juillet 2025. Les rachats pourront être effectués par des achats sur le marché ouvert, des transactions négociées de manière privée, des rachats accélérés d'actions ou des plans conformes à la règle 10b5-1, tous conformément à la règle 10b-18. La société n'est pas obligée de racheter un montant spécifique ; les opérations dépendront des ressources en capital, des indicateurs de performance, des conditions du marché et d'autres facteurs.

Pour faciliter ce programme, le 28 juillet 2025, BMNR a signé un accord de rachat d'actions sur le marché ouvert avec Cantor Fitzgerald & Co., qui agira en tant qu'agent non exclusif pour racheter des actions sur le marché ouvert. Cantor percevra une commission de 0,02 $ par action. L'accord est à durée indéterminée et peut être résilié à tout moment par l'une ou l'autre des parties par notification écrite.

La société a publié un communiqué de presse le 29 juillet 2025 (Ex. 99.1) détaillant cette autorisation ; le dépôt ne comprend pas de résultats financiers ni de prévisions. Annexes : 10.1 (accord de rachat) et 99.1 (communiqué de presse).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) hat am 25. Juli 2025 in einem 8-K-Bericht bekanntgegeben, dass der Vorstand ein Aktienrückkaufprogramm von 1,0 Milliarden US-Dollar genehmigt hat. Rückkäufe können über Käufe am offenen Markt, privat verhandelte Transaktionen, beschleunigte Aktienrückkäufe oder 10b5-1-Pläne erfolgen, jeweils in Übereinstimmung mit Regel 10b-18. Das Unternehmen ist nicht verpflichtet, eine bestimmte Menge zurückzukaufen; die Aktivitäten hängen von Kapitalressourcen, Leistungskennzahlen, Marktbedingungen und weiteren Faktoren ab.

Zur Umsetzung des Plans unterzeichnete BMNR am 28. Juli 2025 eine Open Market Share Repurchase Agreement mit Cantor Fitzgerald & Co., die als nicht-exklusiver Agent Aktien am offenen Markt zurückkaufen wird. Cantor erhält eine Provision von 0,02 USD pro Aktie. Die Vereinbarung ist unbefristet und kann von beiden Parteien jederzeit mit schriftlicher Mitteilung beendet werden.

Das Unternehmen veröffentlichte am 29. Juli 2025 (Anlage 99.1) eine Pressemitteilung, die die Genehmigung detailliert; der Bericht enthält keine Finanzzahlen oder Prognosen. Anlagen: 10.1 (Rückkaufvereinbarung) und 99.1 (Pressemitteilung).

Positive
  • $1 billion share repurchase authorization provides potential EPS accretion and price support.
  • Flexible execution methods (open market, ASR, Rule 10b5-1) increase likelihood of opportunistic buys.
  • Low commission cost of $0.02 per share with Cantor Fitzgerald minimizes friction.
Negative
  • No disclosure of funding source or cash position, leaving uncertainty about balance-sheet impact.
  • Program is discretionary; management may execute little or none of the authorized amount.

Insights

TL;DR: $1 billion buyback boosts EPS optics and signals management confidence.

The authorization equals a significant pool of capital that, if fully executed, can reduce share count, inflate EPS and provide downside support to the stock. Flexibility across transaction types and the use of Cantor Fitzgerald as agent offer execution efficiency. At $0.02 per share, commission costs are negligible relative to program size. No funding details were disclosed, so cash availability and leverage capacity remain open questions, but in isolation the plan is shareholder friendly.

TL;DR: Positive optics, but capital allocation trade-offs unclear.

A $1 billion authorization is material; however, management retains full discretion and can suspend activity. Without accompanying liquidity data, investors cannot gauge potential strain on cash or debt levels. If executed during volatile crypto-mining cycles, buybacks could crowd out growth capex or cushion needed for downturns. Termination flexibility and lack of timeline add uncertainty. Overall impact is neutral to moderately positive pending funding clarity.

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) ha presentato un modulo 8-K annunciando che il suo Consiglio di Amministrazione ha autorizzato un programma di riacquisto di azioni ordinarie per 1,0 miliardi di dollari il 25 luglio 2025. I riacquisti potranno essere effettuati tramite acquisti sul mercato aperto, transazioni negoziate privatamente, riacquisti accelerati di azioni o piani secondo la Regola 10b5-1, tutti conformi alla Regola 10b-18. La società non è obbligata a riacquistare una quantità specifica; l'attività dipenderà dalle risorse di capitale, dai parametri di performance, dalle condizioni di mercato e da altri fattori.

Per facilitare il piano, il 28 luglio 2025 BMNR ha firmato un Accordo di Riacquisto Azionario sul Mercato Aperto con Cantor Fitzgerald & Co., che agirà come agente non esclusivo per riacquistare azioni sul mercato aperto. Cantor guadagnerà una commissione di 0,02 dollari per azione. L'accordo è a tempo indeterminato e può essere terminato in qualsiasi momento da entrambe le parti con un preavviso scritto.

La società ha emesso un comunicato stampa il 29 luglio 2025 (Es. 99.1) che dettaglia l'autorizzazione; il modulo non include risultati finanziari o indicazioni. Allegati: 10.1 (accordo di riacquisto) e 99.1 (comunicato stampa).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) presentó un formulario 8-K anunciando que su Junta Directiva autorizó un programa de recompra de acciones comunes por 1.000 millones de dólares el 25 de julio de 2025. Las recompras pueden ejecutarse mediante compras en el mercado abierto, transacciones negociadas de forma privada, recompras aceleradas de acciones o planes bajo la Regla 10b5-1, todo conforme a la Regla 10b-18. La compañía no está obligada a recomprar una cantidad específica; la actividad dependerá de los recursos de capital, métricas de desempeño, condiciones del mercado y otros factores.

Para facilitar el plan, el 28 de julio de 2025 BMNR firmó un Acuerdo de Recompra de Acciones en el Mercado Abierto con Cantor Fitzgerald & Co., que actuará como agente no exclusivo para recomprar acciones en el mercado abierto. Cantor ganará una comisión de 0,02 dólares por acción. El acuerdo es indefinido y puede ser terminado en cualquier momento por cualquiera de las partes mediante notificación por escrito.

La compañía emitió un comunicado de prensa el 29 de julio de 2025 (Ex. 99.1) detallando la autorización; la presentación no incluye resultados financieros ni guías. Anexos: 10.1 (acuerdo de recompra) y 99.1 (comunicado de prensa).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR)는 2025년 7월 25일 이사회가 10억 달러 규모의 보통주 자사주 매입 프로그램을 승인했다고 8-K 보고서를 제출했습니다. 자사주 매입은 공개 시장 매수, 사적 협상 거래, 가속화된 주식 매입 또는 Rule 10b5-1 계획을 통해 이루어질 수 있으며, 모두 Rule 10b-18을 준수합니다. 회사는 특정 금액을 반드시 매입해야 할 의무는 없으며, 자본 자원, 성과 지표, 시장 상황 및 기타 요인에 따라 매입 활동이 결정됩니다.

계획 실행을 위해 2025년 7월 28일 BMNR은 Cantor Fitzgerald & Co.와 공개 시장 주식 매입 계약을 체결했으며, Cantor는 비독점 대리인으로서 공개 시장에서 주식을 매입할 예정입니다. Cantor는 주당 0.02달러의 수수료를 받습니다. 이 계약은 기한이 없으며 어느 한 쪽이 서면 통지로 언제든지 해지할 수 있습니다.

회사는 2025년 7월 29일(Ex. 99.1) 승인 내용을 상세히 설명하는 보도자료를 발표했으며, 제출 서류에는 재무 결과나 가이던스는 포함되어 있지 않습니다. 첨부문서: 10.1 (매입 계약) 및 99.1 (보도자료).

BitMine Immersion Technologies, Inc. (NYSE American : BMNR) a déposé un formulaire 8-K annonçant que son conseil d'administration a autorisé un programme de rachat d'actions ordinaires d'un montant d'un milliard de dollars le 25 juillet 2025. Les rachats pourront être effectués par des achats sur le marché ouvert, des transactions négociées de manière privée, des rachats accélérés d'actions ou des plans conformes à la règle 10b5-1, tous conformément à la règle 10b-18. La société n'est pas obligée de racheter un montant spécifique ; les opérations dépendront des ressources en capital, des indicateurs de performance, des conditions du marché et d'autres facteurs.

Pour faciliter ce programme, le 28 juillet 2025, BMNR a signé un accord de rachat d'actions sur le marché ouvert avec Cantor Fitzgerald & Co., qui agira en tant qu'agent non exclusif pour racheter des actions sur le marché ouvert. Cantor percevra une commission de 0,02 $ par action. L'accord est à durée indéterminée et peut être résilié à tout moment par l'une ou l'autre des parties par notification écrite.

La société a publié un communiqué de presse le 29 juillet 2025 (Ex. 99.1) détaillant cette autorisation ; le dépôt ne comprend pas de résultats financiers ni de prévisions. Annexes : 10.1 (accord de rachat) et 99.1 (communiqué de presse).

BitMine Immersion Technologies, Inc. (NYSE American: BMNR) hat am 25. Juli 2025 in einem 8-K-Bericht bekanntgegeben, dass der Vorstand ein Aktienrückkaufprogramm von 1,0 Milliarden US-Dollar genehmigt hat. Rückkäufe können über Käufe am offenen Markt, privat verhandelte Transaktionen, beschleunigte Aktienrückkäufe oder 10b5-1-Pläne erfolgen, jeweils in Übereinstimmung mit Regel 10b-18. Das Unternehmen ist nicht verpflichtet, eine bestimmte Menge zurückzukaufen; die Aktivitäten hängen von Kapitalressourcen, Leistungskennzahlen, Marktbedingungen und weiteren Faktoren ab.

Zur Umsetzung des Plans unterzeichnete BMNR am 28. Juli 2025 eine Open Market Share Repurchase Agreement mit Cantor Fitzgerald & Co., die als nicht-exklusiver Agent Aktien am offenen Markt zurückkaufen wird. Cantor erhält eine Provision von 0,02 USD pro Aktie. Die Vereinbarung ist unbefristet und kann von beiden Parteien jederzeit mit schriftlicher Mitteilung beendet werden.

Das Unternehmen veröffentlichte am 29. Juli 2025 (Anlage 99.1) eine Pressemitteilung, die die Genehmigung detailliert; der Bericht enthält keine Finanzzahlen oder Prognosen. Anlagen: 10.1 (Rückkaufvereinbarung) und 99.1 (Pressemitteilung).

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 28, 2025

 

BITMINE IMMERSION TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-42675   84-3986354

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

10845 Griffith Peak Dr. #2

Las Vegas, NV89135

(Address of principal executive office) (Zip Code)

 

(404) 816-8240

(Registrants’ telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001   BMNR   NYSE American LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

 

Emerging Growth Company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On July 25, 2025, the Board of Directors (the “Board”) of Bitmine Immersion Technologies, Inc. (the “Company”) approved a share repurchase program (the “2025 Repurchase Program”) providing for the repurchase of up to $1,000,000,000 of the Company’s outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”). Under the 2025 Repurchase Program, the Company is authorized to repurchase shares of Common Stock through open market purchases, privately-negotiated transactions, accelerated share repurchases, or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Repurchase Program does not obligate the Company to repurchase shares of Common stock and the specific timing and amount of repurchases will vary based on available capital resources and other financial and operational performance metrics, market conditions, securities law limitations, and other factors.

 

In connection with the 2025 Repurchase Program, on July 28, 2025, the Company entered into an Open Market Share Repurchase Agreement (the “Repurchase Agreement”) with Cantor Fitzgerald & Co. (the “Broker”) whereby the Broker has agreed to act as a non-exclusive agent on behalf of the Company to repurchase shares of Common Stock in the open market pursuant to Rule 10b-18 of the Exchange Act. The Repurchase Agreement will continue in effect until terminated by either the Company or the Broker, with or without cause, upon written notice to the other party. The Company will pay Broker a commission at a rate of $0.02 for each share of Common Stock repurchased pursuant to the Repurchase Agreement.

 

The foregoing description of the Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Repurchase Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 7.01 Regulation FD Disclosure.

 

On July 29, 2025, the Company issued a press release (the “Press Release”) announcing the 2025 Repurchase Program and the Repurchase Agreement. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Open Market Share Repurchase Agreement, dated July 28, 2025.
99.1   Press Release, dated July 29, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  Bitmine Immersion Technologies, Inc.
     
Dated: July 29, 2025 By: /s/ Jonathan Bates
  Name: Jonathan Bates
  Title: Chief Executive Officer

 

 

 

FAQ

How large is BitMine's 2025 share repurchase program (BMNR)?

The Board authorized up to $1,000,000,000 in common-stock repurchases.

What methods can BMNR use to buy back shares?

Purchases may occur via open market, privately negotiated deals, accelerated share repurchases or Rule 10b5-1 plans under Rule 10b-18.

Which broker is executing the BitMine buyback?

Cantor Fitzgerald & Co. will act as non-exclusive agent under an Open Market Share Repurchase Agreement.

What is Cantor Fitzgerald paid per BMNR share repurchased?

The broker earns a $0.02 commission on each share bought under the agreement.

Is BMNR obligated to repurchase the full $1 billion?

No. The program is discretionary; timing and amount depend on capital resources, performance and market conditions.

When was the buyback program announced?

The Board approved it on 25 Jul 2025 and the company issued a press release on 29 Jul 2025.
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