Bitmine Immersion Technologies (BMNR) director exit filing ends Section 16 reports

Rhea-AI Filing Summary

Bitmine Immersion Technologies, Inc. reported a change in insider status for a director. A Form 4 was filed for a reporting person who has exited the board of directors, as indicated by the remark that the filing is made solely to report that the individual is no longer a director within the meaning of Rule 16a-1 under the Securities Exchange Act of 1934.

Because this person is no longer a director, he is no longer subject to Section 16 reporting requirements for his transactions in Bitmine Immersion Technologies’ equity securities and will not file additional Forms 4 or 5 related to those transactions.

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Corporate governance analyst

Routine Form 4 exit filing noting a director’s departure and end of Section 16 reporting.

The filing for Bitmine Immersion Technologies, Inc. discloses that the reporting person has ceased to be a director as defined under Rule 16a-1 of the Exchange Act. The key point is that this is characterized as an "Exit" filing, emphasizing a change in status rather than a report of new share transactions.

Once a person is no longer a director, they are no longer subject to Section 16 beneficial ownership reporting for trades in the company’s equity. The remark that future transactions will no longer be reported on Form 4 or Form 5 is a standard consequence of this change and does not itself indicate any change to the company’s capital structure or operations.

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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X

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^*

BAYLES SETH AARON

(Last) (First) (Middle)

10175 W TWAIN AVE

SUITE 130

(Street)

LAS VEGAS NV 89147

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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

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:

Remarks:

Exit Form 4 filed solely to report that the Reporting Person is no longer a director of the Issuer within the meaning of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result, the Reporting Person is no longer subject to Section 16 of the Exchange Act in connection with his transactions in the equity securities of the Issuer and therefore will no longer report any such transactions on Form 4 or Form 5.

	/s/ Seth A. Bayles	12/02/2025
	** 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 does this Bitmine Immersion Technologies (BMNR) Form 4 filing report?

It reports that a former director of Bitmine Immersion Technologies, Inc. has filed an exit Form 4 to indicate he is no longer a director under Rule 16a-1 of the Exchange Act.

Why is the Bitmine Immersion Technologies (BMNR) insider filing called an exit filing?

The remarks state it is filed solely to report that the reporting person is no longer a director, meaning it serves as an exit Form 4 to document the end of his Section 16 reporting status.

Is the former Bitmine Immersion Technologies (BMNR) director still subject to Section 16 reporting?

No. The filing explains that, because he is no longer a director, he is no longer subject to Section 16 of the Exchange Act for transactions in the company’s equity securities.

Will this former Bitmine Immersion Technologies (BMNR) director file future Forms 4 or 5?

According to the remarks, he will no longer report his transactions in Bitmine Immersion Technologies’ equity securities on Form 4 or Form 5.

Does this Bitmine Immersion Technologies (BMNR) Form 4 detail any stock transactions?

The excerpted content centers on the change in director status and Section 16 obligations and does not provide specific transaction details in the tables shown.