[Form 5] BitMine Immersion Technologies, Inc. Annual Statement of Beneficial Ownership
Rhea-AI Filing Summary
BitMine Immersion Technologies (BMNR) Form 5 filed by Ryan Ramnath, Chief Operating Officer, reports annual changes in beneficial ownership for the fiscal year ended 08/31/2025. The reporting person received three issuances of common stock on 11/30/2024, 02/28/2025 and 05/31/2025 of 2,250 shares each (post 1-for-20 reverse split adjustment) labeled as transaction code A4 and issued at $0 for services rendered as an officer. At fiscal-year end the reporting person beneficially owned 181,193 shares, comprising 9,000 shares directly and 172,193 shares held by Bitflair Mining Corp., over which the reporting person has shared voting and investment power. The form is signed 09/02/2025.
Positive
- Non-cash compensation disclosed: Three issuances of common stock to the COO are reported, clarifying officer remuneration.
- Transparent beneficial ownership: Filing specifies 181,193 shares beneficially owned, split between direct and indirect holdings.
Negative
- None.
Insights
TL;DR Officer received shares for services; filing discloses beneficial ownership totaling 181,193 shares.
The Form 5 documents non-cash compensation to the Chief Operating Officer via three issuances of common stock recorded as transaction code A4 and issued at no cash price. The report clarifies total beneficial ownership including indirect holdings through Bitflair Mining Corp., providing transparency on voting and investment power. There are no earnings or debt items disclosed in this filing, and no derivative positions reported.
TL;DR Annual Section 16 filing shows officer stock issuances and discloses indirect ownership through an affiliated entity.
The submission fulfills Section 16 reporting by documenting share issuances to an officer for services and by specifying the split between direct and indirect holdings. It identifies the reporting person as COO and states shared voting and investment power over shares held by Bitflair Mining Corp., which is important for clarifying control and potential related-party considerations. No amendments or corrective disclosures beyond the reverse-split adjustment are included.