BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) SEC Filings

BitMine Immersion Technologies (BMNR) reporting person Jonathan Bates, CEO and director, filed a Form 5 detailing annual changes in his beneficial ownership for the fiscal year ended 08/31/2025. The filing shows three small non-derivative common stock issuances of 6,000 shares each on 11/30/2024, 02/28/2025 and 05/31/2025 issued for services and adjusted for a 1-for-20 reverse stock split. On 06/17/2025 Mr. Bates received 375,000 shares of common stock by conversion/exchange related to 150,000 shares of Series A Convertible Preferred Stock at $4 per share and a reported $10 price reference for the underlying common, resulting in total beneficial ownership of 973,289 shares.

The filing discloses ownership breakdown: 210,000 shares held by BFAM Partners, LLC; 96,818 by BFAM & Co., LLC; 252,044 by Progression Asset Management Corporation; 15,427 in an IRA custodian account; and 399,000 directly by Mr. Bates. Mr. Bates is 100% owner of PAMC and owns 90% of BFAM and BFAM & Co.; a trust for his children owns the remaining 10% of the BFAM entities. The Series A preferred is convertible at holder option with no expiration date. The form is signed 09/02/2025.

Erik S. Nelson, a director and the President of BitMine Immersion Technologies, Inc. (BMNR), reported a series of non‑derivative issuances of common stock received for services as a director and officer. Three issuances of 5,250 shares each were recorded with transaction dates 11/30/2024, 02/28/2025 and 05/31/2025; the price reported for each issuance was $0. After adjustments for the company’s 1‑for‑20 reverse stock split, the Reporting Person’s total beneficial ownership at the end of the fiscal year was 153,750 shares. The filing discloses the ownership breakdown: 76,000 shares directly owned by Nelson, 75,250 shares held by Coral Investment Partners, LP (Nelson controls the general partner), and 2,500 shares owned by Morris Lake Holdings, LLC, in which Nelson has no direct interest but his spouse and children own 80% and his spouse shares voting/disposition power.

Erik S. Nelson, President and a director of BitMine Immersion Technologies, Inc. (BMNR), reported securities transactions on 08/31/2025. Following a 1-for-20 reverse stock split adjustment, Mr. Nelson was issued 5,250 shares and separately 25,000 shares at $0 as compensation for services rendered as a director and officer, bringing his total beneficial ownership to 153,750 shares. The filing discloses that this total includes 76,000 shares directly owned by Mr. Nelson, 75,250 shares held by Coral Investment Partners, LP (where he controls the general partner), and 2,500 shares owned by Morris Lake Holdings, LLC, of which his spouse and children own 80% and his spouse shares voting/disposal power.

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.

Bitmine Immersion Technologies, Inc. provided new communications materials for its shareholders and the market. On September 2, 2025, the company published an investor presentation that it plans to use for investor relations and other purposes, released a video updating stockholders on its business and operations, and issued a press release announcing both items.

The investor presentation is furnished as Exhibit 99.1, the script of the video as Exhibit 99.2, and the press release as Exhibit 99.3. These materials are furnished under Regulation FD and are not deemed filed for liability purposes under the Exchange Act or incorporated into other securities law filings unless specifically referenced.

Raymond Mow, Chief Financial Officer and Director of BitMine Immersion Technologies, Inc. (BMNR), reported stock ownership changes arising from a distribution and other holdings. On 08/26/2025 he received 55,000 shares previously held by Innovative Digital Investors Emerging Technology LP as part of that fund's dissolution and winding up, and separately received 12,342 shares, both reported as acquisitions at $0. After these transactions his reported indirect beneficial ownership rose to 200,750 shares following the first entry and to 213,092 shares following the second entry. The filing discloses that 55,000 of the shares are held by Progression Asset Management Corporation with contractual rights attributed to Mr. Mow, and additional shares are held by The Mow Family Trust. The Form 4 is signed 08/27/2025.

Jonathan Robert Bates, CEO and director of BitMine Immersion Technologies, Inc. (BMNR), reported changes to his beneficial ownership following the dissolution of an investment fund. On 08/26/2025 Bates received distributions of common stock previously held by Innovative Digital Investors Emerging Technology LP (IDI). As distributed, 362,044 shares went to Progression Asset Management Corporation (PAMC), an entity he wholly owns, but Bates disclaims beneficial ownership of 110,000 of those shares that are subject to third-party rights, reporting direct beneficial ownership of 252,044 shares from PAMC. Additional distributions recorded on the same date show 96,818 shares held by BFAM Partners, LLC and 15,427 shares held in an IRA custodian, bringing Bates' total reported beneficial ownership to 967,289 shares after the transactions.

Innovative Digital Investors Emerging Technology LP, a reporting person identified as a director of BitMine Immersion Technologies, Inc. (BMNR), reported a disposition of 1,484,438 shares of common stock on 08/26/2025. The filing shows the shares were distributed at a reported price of $0 as part of the reporting persons dissolution and winding up, with the explanation that all shares held were distributed to its partners and service providers. Following the transaction, the reporting person beneficially owns 0 shares. The single-person Form 4 was signed by Nic Vaughan on 08/28/2025.

Bitmine Immersion Technologies, Inc. reported that its Board of Directors appointed David E. Sharbutt as an independent director. He accepted the appointment on August 25, 2025 and will serve until the next annual meeting of stockholders, or until a successor is elected and qualified or an earlier departure.

Mr. Sharbutt is a former business executive who previously served as CEO and Chairman of Alamosa Holdings, Inc., and earlier as President and CEO of Hicks & Ragland Engineering Co. He also served on American Tower Corporation’s board of directors from July 2006 to May 2023.

For his service, Mr. Sharbutt will receive the company’s standard non-employee director compensation, including 10,000 shares of common stock for the fiscal year ending August 31, 2025, 750 shares per month for ongoing board service, and an additional 250 shares per month for each committee on which he serves.