[Form 4/A] BitMine Immersion Technologies, Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

Jonathan Robert Bates, CEO and Director of BitMine Immersion Technologies, Inc. (BMNR), filed an amended Form 4 reporting a corrected ownership entry after a distribution from Innovative Digital Investors Emerging Technology LP (IDI). The amendment states that 96,818 shares acquired on 08/26/2025 were received by BFAM & Co., LLC rather than BFAM Partners, LLC as originally reported. Following the transaction, the reporting person beneficially owns 951,862 shares, comprised of 210,000 shares owned by BFAM Partners, LLC; 393,000 shares owned directly by Mr. Bates; and 252,044 shares beneficially owned by Progression Asset Management Corporation, which Mr. Bates wholly owns. The filing is an amendment correcting the original Form 4 and is signed by Mr. Bates on 09/03/2025.

Positive

• Amendment clarifies the correct recipient entity (BFAM & Co., LLC) for the 96,818-share distribution, improving disclosure accuracy
• Complete beneficial ownership breakdown is provided: 951,862 total shares with specific allocations to BFAM Partners, LLC, direct holdings, and Progression Asset Management Corporation
• Timely corrective filing was executed and signed, restoring the public record

Negative

• Initial Form 4 misreported the entity that received the distributed shares (BFAM Partners, LLC instead of BFAM & Co., LLC), indicating an internal reporting error
• Complex ownership through multiple affiliated entities may complicate clear assessment of control and voting influence without additional context

Insights

Corporate Governance Expert

TL;DR: Amendment corrects beneficiary entity after a distribution; transparency restored but initial misstatement is noteworthy.

The amendment clarifies which affiliated entity—BFAM & Co., LLC—received the 96,818-share distribution from IDI, removing the prior misattribution to BFAM Partners, LLC. From a governance perspective, timely correction of Section 16 reporting errors is important to maintain compliance and investor confidence. The disclosure also details ownership layers: direct holdings, wholly owned PAMC holdings, and affiliate ownership percentages, which helps analysts trace control and potential voting influence. The correction itself suggests an internal reporting or reconciliation issue but the filing remedies the public record.

Securities Analyst

TL;DR: Insider increased beneficial holdings via distribution; amendment fixes entity attribution, overall stake quantified at 951,862 shares.

The reported post-transaction beneficial ownership of 951,862 shares provides a clear tally of the reporting person’s economic exposure: 393,000 held directly, 210,000 attributed to BFAM, and 252,044 via Progression Asset Management Corporation (PAMC). The 96,818-share distribution from IDI increased holdings and was allocated to BFAM & Co., LLC per the amendment. For market impact, the filing is informational about insider ownership concentration rather than trading intent; no purchase price was paid for the distributed shares as noted (price $0) which is consistent with a distribution on dissolution.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bates Jonathan Robert

(Last) (First) (Middle)

10845 GRIFFITH PEAK DR. #2

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BITMINE IMMERSION TECHNOLOGIES, INC. [ BMNR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/28/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/26/2025		J(1)		96,818	A	$0(1)	951,862(2)	I	Owned by BFAM & Co., LLC(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were previously held by Innovative Digital Investors Emerging Technology LP ("IDI"), and were distributed in connection with the dissolution and winding up of IDI.

2. Includes (i) 210,000 shares owned by BFAM Partners, LLC ("BFAM"), (ii) 393,000 shares owned by the Reporting Person, and (iii) 252,044 shares beneficially owned by Progression Asset Management Corporation. This does not include 15,427 shares held by The Entrust Group, Inc. Custodian FBO Jonathan Bates IRA, which is contained in the Original Form 4 (defined below) as an entry following the line this amendment seeks to correct. The Reporting Person is the 100% owner and shareholder of PAMC. The Reporting Person owns 90% of BFAM, and a trust established for his children owns the remaining 10%.

3. Shares are owned by BFAM & Co., LLC ("BFAM & Co"). The Reporting Person owns 90% of BFAM & Co, and a trust established for his children owns the remaining 10%.

Remarks:

This Form 4/A is being filed to correct an entry in the Form 4 filed on August 28, 2025 (the "Original Form 4"). The entity that acquired the 96,818 shares of common stock on August 26, 2025, via a distribution by IDI, is BFAM & Co., LLC and not BFAM Partners, LLC as previously reported on the Original Form 4.

	/s/ Jonathan Bates	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What change does the Form 4/A for BMNR report?

The amendment corrects the entity that received a distribution of 96,818 shares on 08/26/2025, stating the recipient was BFAM & Co., LLC rather than BFAM Partners, LLC.

How many BMNR shares does Jonathan Bates beneficially own after the transaction?

The filing reports a total of 951,862 shares beneficially owned following the reported transaction.

What are the component holdings that make up the 951,862 shares?

The total includes 210,000 shares owned by BFAM Partners, LLC; 393,000 shares owned directly by Jonathan Bates; and 252,044 shares beneficially owned by Progression Asset Management Corporation (PAMC).

Was any purchase price reported for the distributed shares?

No purchase price was paid for the distributed shares; the Form shows a price of $0 for the 96,818-share distribution.

Who owns the affiliated entities cited in the filing?

The filing states Mr. Bates is the 100% owner of PAMC, owns 90% of BFAM and 90% of BFAM & Co., with a trust for his children owning the remaining 10% in each BFAM entity.