UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a)
of
the Securities Exchange Act of 1934
(Amendment
No. 1)
| Filed
by the Registrant ☒ |
Filed
by a Party other than the Registrant ☐ |
Check
the appropriate box:
| ☐ |
Preliminary
Proxy Statement |
| ☐ |
Confidential,
For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ |
Definitive
Proxy Statement |
| ☐ |
Definitive
Additional Materials |
| ☐ |
Soliciting
Material Under Rule 14a-12 |
BITMINE
IMMERSION TECHNOLOGIES, INC.
(Name
of Registrant as Specified in Its Charter)
(Name
of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment
of Filing Fee (Check the appropriate box):
| ☒ |
No
fee required |
| ☐ |
Fee
paid previously with preliminary materials. |
| ☐ |
Fee
computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
EXPLANATORY
NOTE
This
Amendment No. 1 (the “Amendment”) amends the definitive proxy statement furnished in connection with the solicitation of
proxies by the Board of Directors of Bitmine Immersion Technologies, Inc. (the “Company”), filed with the U.S. Securities
and Exchange Commission (the “SEC”) on December 9, 2025 (the “Proxy Statement”). The Proxy Statement was filed
in connection with the Company’s Annual Meeting of Stockholders to be held on January 15, 2026, including any adjournment or postponement
thereof (the “Annual Meeting”).
This
Amendment clarifies that the Charter Amendment Proposal is considered a “routine” matter under applicable rules, and not
a “non-routine” matter, and conforms the disclosure throughout the Proxy Statement and this Amendment to reflect that brokers,
banks, trustees, or other nominees may exercise discretionary voting authority on the Charter Amendment Proposal in the absence of voting
instructions from beneficial owners.
This
Amendment should be read in conjunction with the Proxy Statement.
If
you have already returned your proxy card or provided voting instructions, you do not need to take any action unless you wish to change
your vote. If you wish to change your vote, you can revoke your proxy or change your vote by following the instructions of the section
titled “Changing Your Vote and Revoking Your Proxy” on page 4 of the Proxy Statement.
AMENDMENT
TO PROXY STATEMENT
The
following disclosure amends and restates the second paragraph under the heading “Vote Required” on page 1 of the Proxy Statement
as follows:
The
affirmative vote of a plurality of the votes cast by the holders of Common Stock voting on the matter is required for the election of
directors (the “Director Election Proposal”). The Director Election Proposal is a non-discretionary item; brokers may not
vote uninstructed shares on the Director Election Proposal. The affirmative vote of a majority of the outstanding shares of Common Stock
entitled to vote is required for the approval of the charter amendment (the “Charter Amendment Proposal”). The Charter Amendment
Proposal is a routine item and, if your shares are held in the name of a broker, bank or other nominee and you do not provide voting
instructions, your broker may vote your shares in its discretion on the Charter Amendment Proposal pursuant to applicable rules; therefore,
no broker non votes are expected for the Charter Amendment Proposal. The affirmative vote of a majority of the votes cast by the holders
of Common Stock voting on the matter is required for the approval of the 2025 Omnibus Incentive Plan (the “Omnibus Incentive Plan
Proposal”), and the special, performance-based compensation arrangement for the executive chairman (the “Executive Chairman
Compensation Proposal”). Each of the Omnibus Incentive Plan Proposal and the Executive Chairman Compensation Proposal are non-discretionary
items; brokers may not vote uninstructed shares on these proposals. Accordingly, you may vote FOR all nominees, vote FOR one or more
nominees and WITHHOLD your vote from the other nominee(s), or WITHHOLD your vote from all nominees on the Director Election Proposal.
Further, you may vote FOR, AGAINST, OR ABSTAIN from any of the Charter Amendment Proposal, the Omnibus Incentive Plan Proposal, and the
Executive Chairman Compensation Proposal.
The
following disclosure amends and restates the sixth paragraph under the heading “How to Vote” on page 3 of the Proxy Statement
as follows:
If
your shares are held in the name of a broker, bank or other nominee (as is the case when you hold shares in a brokerage account), you
should receive separate instructions from the record holder of your shares describing how to vote. Please instruct your broker how to
vote your shares using the voting instruction form you receive from your broker. Please return your completed proxy card or voting instruction
form to your broker and contact the person responsible for your account so that your vote can be counted. If your broker permits you
to provide voting instructions by internet or by telephone, you may vote that way as well. If your shares are held in the name of a broker,
bank or other nominee and you do not provide voting instructions, your broker may vote your shares in its discretion on the Charter Amendment
Proposal (a routine matter), but may not vote your shares on the Director Election Proposal, the Omnibus Incentive Plan Proposal or the
Executive Chairman Compensation Proposal (non-discretionary matters).
The
following disclosure amends and restates the “Beneficial Owner” paragraph under the heading “The Effect of Not Casting
Your Vote, Broker Non-Votes, and Abstentions.” on page 4 of the Proxy Statement as follows:
Beneficial
Owner. The Director Election Proposal is a non-discretionary item; therefore, if you do not provide voting instructions to your broker,
your broker may not vote your shares on the Director Election Proposal and ‘broker non-votes’ may occur on the Director Election
Proposal. By contrast, the Charter Amendment Proposal is a routine item, and, if you do not provide voting instructions to your broker,
your broker may exercise discretionary authority to vote your shares on the Charter Amendment Proposal; accordingly, no broker non-votes
are expected for the Charter Amendment Proposal. The Omnibus Incentive Plan Proposal and the Executive Chairman Compensation Proposal
are non-discretionary items and, absent your instructions, brokers may not vote on those proposals and broker non-votes may occur. If
you abstain from voting on the Charter Amendment Proposal, your shares will not be voted in favor of that proposal and, because approval
requires the affirmative vote of a majority of the outstanding shares entitled to vote, your abstention will have the same effect as
a vote “AGAINST”. Abstentions on the Omnibus Incentive Plan Proposal and Executive Chairman Compensation Proposal are not
considered votes cast and therefore will have no effect on the outcome of those proposals.
The
following disclosure amends and restates the paragraph under the heading “Required Vote” on page 29 of the Proxy Statement
as follows:
Approval
of the Charter Amendment Proposal requires the affirmative vote of a majority of the outstanding shares of Common Stock entitled to vote.
The Charter Amendment Proposal is a routine item, and if your shares are held in the name of a broker, bank or other nominee and you
do not provide voting instructions, your broker may exercise discretionary authority to vote your shares on the Charter Amendment Proposal;
accordingly, no broker non-votes are expected for the Charter Amendment Proposal. Neither Delaware law, nor the Charter or Bylaws, provides
for appraisal or other similar rights for dissenting stockholders in connection with the proposal. Accordingly, stockholders will have
no right to dissent and obtain payment for their shares. Abstentions will have the same effect as a vote “AGAINST” this proposal.
*
* * *
Other
than the revised language above, no other changes have been made to the Proxy Statement, and the Company’s Board of Directors continues
to seek the vote of Company stockholders to be voted on at the Meeting as recommended in the original Proxy Statement. As a stockholder,
your vote is very important, and the Board encourages you to exercise your right to vote whether or not you plan to attend the Annual
Meeting.
Proxies
already received will continue to be voted as instructed unless otherwise revoked or changed by a subsequent proxy.
EXCEPT
AS DESCRIBED IN THIS AMENDMENT, THE INFORMATION PROVIDED IN THE PROXY STATEMENT REMAINS UNCHANGED. TO THE EXTENT THAT INFORMATION IN
THIS AMENDMENT DIFFERS FROM OR UPDATES INFORMATION CONTAINED IN THE PROXY STATEMENT, THE INFORMATION IN THIS AMENDMENT IS MORE CURRENT.
THE PROXY STATEMENT CONTAINS ADDITIONAL INFORMATION. THIS AMENDMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT.
IMPORTANT
NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING TO BE HELD ON JANUARY 15, 2026
The
Proxy Statement, this Amendment and the Annual Report are available free of charge at https://web.viewproxy.com/BMNR/2026
This
Amendment is being filed with the SEC and furnished to stockholders on December 22, 2025.
