BitMine Immersion (NYSE: BMNR) renews COO role via contractor pact

Rhea-AI Filing Summary

BitMine Immersion Technologies, Inc. reported that it entered into a new Independent Contractor Agreement with Ryan Ramnath to continue serving as Chief Operating Officer. The agreement runs for one year and automatically renews for additional one-year terms unless either party gives 30 days’ written notice before the end of a term.

Under this arrangement, Mr. Ramnath will receive $10,000 per month, paid on the last business day of each month, plus reimbursement of eligible expenses approved by the Chief Executive Officer. The contract also includes standard provisions covering confidentiality, non-competition, and non-solicitation. A full copy of the agreement is filed as an exhibit.

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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): September 4, 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, NV 89135

(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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 4, 2025, BitMine Immersion Technologies, Inc. (the “Company”), entered into an Independent Contractor Agreement (the “Agreement”) with Ryan Ramnath to continue serving as the Company’s Chief Operating Officer. The Agreement has a one-year term and automatically renews for successive one-year terms unless either the Company or Mr. Ramnath provides written notice of their intention not to renew no later than 30 calendar days before the end of a term.

Mr. Ramnath’s compensation under the Agreement is $10,000 per month payable on the last business day of each calendar month, as well as reimbursement for eligible reimbursable expenses as approved by the Company’s Chief Executive Officer. Upon termination of the Agreement, Mr. Ramnath is entitled to payment for services rendered prior to the termination date. The Agreement also contains customary provisions regarding confidential information, non-competition and non-solicitation.

The foregoing description is only a summary of the Independent Contractor Agreement and is qualified in its entirety by reference to a copy of the Independent Contractor Agreement attached as Exhibits 10.1 to this Current Report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
10.1		Independent Contractor Agreement between BitMine Immersion Technologies, Inc. and Ryan Ramnath, dated September 4, 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: September 9, 2025	By:	/s/ Jonahtan Bates
	Name:	Jonathan Bates
	Title:	Chief Executive Officer

FAQ

What did BitMine Immersion Technologies (BMNR) disclose in this 8-K?

BitMine Immersion Technologies disclosed that it entered into an Independent Contractor Agreement with Chief Operating Officer Ryan Ramnath so he can continue serving in that role.

What is the term of the COO Independent Contractor Agreement at BitMine (BMNR)?

The agreement has a one-year term and automatically renews for successive one-year periods unless either BitMine or Ryan Ramnath gives written notice of non-renewal at least 30 days before the end of a term.

How much is BitMine Immersion paying its COO under the new agreement?

Under the Independent Contractor Agreement, Chief Operating Officer Ryan Ramnath is entitled to $10,000 per month, payable on the last business day of each calendar month, plus reimbursement of eligible expenses approved by the Chief Executive Officer.

Does the BitMine COO contractor agreement include non-compete or confidentiality terms?

Yes. The agreement includes customary provisions covering confidential information, non-competition, and non-solicitation obligations for Chief Operating Officer Ryan Ramnath.

What happens to compensation if the BitMine COO agreement is terminated?

If the agreement is terminated, Chief Operating Officer Ryan Ramnath is entitled to receive payment for services rendered up to the termination date under the Independent Contractor Agreement.

Where can investors read the full BitMine COO Independent Contractor Agreement?

The complete Independent Contractor Agreement between BitMine Immersion Technologies, Inc. and Ryan Ramnath, dated September 4, 2025, is filed as Exhibit 10.1 to this report.