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[Form 4] BITMINE IMMERSION TECHNOLOGIES, INC. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Jonathan Robert Bates, a director and CEO of BitMine Immersion Technologies, Inc. (BMNR), reported on Form 4 that on 09/11/2025 he transferred and pledged 250,000 shares of the issuer to UBS AG as collateral for a hedged loan with a three-year term maturing on 09/11/2028. After the reported transaction, the filing states the Reporting Person beneficially owns 723,289 shares, comprised of holdings across BFAM Partners, LLC; BFAM & Co., LLC; Progression Asset Management Corporation; an IRA custodial account; and personal ownership. The filing is signed by the Reporting Person on 09/12/2025.

Positive

  • Provided liquidity via financing: Reporting Person pledged 250,000 shares to UBS AG as collateral for a hedged loan with a three-year term.
  • Transparent ownership disclosure: Filing details the composition of the 723,289-share beneficial position across named entities and accounts.

Negative

  • None.

Insights

TL;DR: Insider pledged 250,000 shares as collateral for a three-year hedged loan, retaining beneficial ownership of 723,289 shares.

The transaction is a financing action: the Reporting Person transferred and pledged 250,000 shares to UBS AG as collateral for a hedged loan maturing 09/11/2028. The filing discloses the consolidated beneficial ownership position of 723,289 shares across entities the Reporting Person controls or beneficially owns. This is a non-derivative, collateral-pledge disclosure rather than a sale or open-market disposition, and the filing contains clear ownership breakdowns by entity.

TL;DR: Director and CEO reported a pledge of company equity as loan collateral while maintaining reported beneficial ownership.

The Form 4 clearly documents the nature of the transaction as a pledge to UBS AG and enumerates the parties and share counts that comprise the 723,289-share beneficial position. The filing identifies the Reporting Person's ownership stakes in PAMC, BFAM, BFAM & Co., and an IRA account, and it states percentage ownership in the private entities. The disclosure complies with Section 16 reporting by specifying the transaction date, amount pledged, and loan maturity.

Insider Bates Jonathan Robert
Role Chief Executive Officer
Type Security Shares Price Value
Other Common Stock 250,000 $0.00 --
Holdings After Transaction: Common Stock — 723,289 shares (Direct)
Footnotes (1)
  1. On September 11, 2025, the Reporting Person transferred and pledged 250,000 shares to UBS AG as collateral for a hedged loan. The term of the loan is for three years (maturity date of September 11, 2028). Includes (i) 210,000 shares owned by BFAM Partners, LLC ("BFAM"), (ii) 96,818 shares owned by BFAM & Co., LLC ("BFAM & Co.," and together with BFAM, the "BFAM Entities"), (iii) 252,044 shares beneficially owned by Progression Asset Management Corporation ("PAMC"), (iv) 15,427 shares held by The Entrust Group, Inc. Custodian FBO Jonathan Bates IRA, and (v) 149,000 shares owned by the Reporting Person. The Reporting Person is the 100% owner and shareholder of PAMC. The Reporting Person owns 90% of BFAM and BFAM & Co., respectively, and a trust established for his children owns the remaining 10% of each of the respective BFAM entities (BFAM and BFAM & Co.)
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
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)
09/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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 09/11/2025 J(1) 250,000 D $0(1) 723,289(2) D
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. On September 11, 2025, the Reporting Person transferred and pledged 250,000 shares to UBS AG as collateral for a hedged loan. The term of the loan is for three years (maturity date of September 11, 2028).
2. Includes (i) 210,000 shares owned by BFAM Partners, LLC ("BFAM"), (ii) 96,818 shares owned by BFAM & Co., LLC ("BFAM & Co.," and together with BFAM, the "BFAM Entities"), (iii) 252,044 shares beneficially owned by Progression Asset Management Corporation ("PAMC"), (iv) 15,427 shares held by The Entrust Group, Inc. Custodian FBO Jonathan Bates IRA, and (v) 149,000 shares owned by the Reporting Person. The Reporting Person is the 100% owner and shareholder of PAMC. The Reporting Person owns 90% of BFAM and BFAM & Co., respectively, and a trust established for his children owns the remaining 10% of each of the respective BFAM entities (BFAM and BFAM & Co.)
/s/ Jonathan Bates 09/12/2025
** 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.

Source: View Original Filing on SEC EDGAR