---
schema_version: "secwatch.filing_event.v1"
accession: "0001065949-21-000117"
form_type: "8-K"
ticker: "BMNR"
cik: "0001829311"
company_name: "BITMINE IMMERSION TECHNOLOGIES, INC."
filed_at: "2021-07-27T23:59:59+00:00"
generated_at: "2026-06-30T02:16:33.836693+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sandy Springs Holdings: new directors acquire 56% control; company to enter Bitcoin mining business

## Summary
- New directors Jonathan Bates, Raymond Mow, Michael Maloney, Seth Bayles acquired 21.45M shares, controlling 56% of common stock.
- Company plans to create a hosting center for Bitcoin mining computers using immersion cooling and mine Bitcoin for its own account.
- Shareholders approved name change to BitMine Immersion Technologies, Inc. by 55% of outstanding shares.
- Erik S. Nelson resigned as CFO and corporate secretary; Raymond Mow appointed CFO, Seth Bayles corporate secretary.
- Class A and B warrant exercise prices corrected to $2.00 and $5.00 per share, respectively, from $0.20 and $0.40.

## SEC filing metadata
- accession: 0001065949-21-000117
- form_type: 8-K
- ticker: BMNR
- cik: 0001829311
- company_name: BITMINE IMMERSION TECHNOLOGIES, INC.
- filed_at: 2021-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 3.03, 5.01, 5.02, 5.06, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/sshi8kjuly272021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065949-21-000117
- JSON: https://secwatch.observer/filing/0001065949-21-000117.json
- Plain text: https://secwatch.observer/filing/0001065949-21-000117.txt

## Key facts
- Executive change
  Jonathan Bates was appointed as Chairman at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Chairman
  source text: and to appoint Jonathan Bates as Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm
- Executive change
  Raymond Mow was appointed as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On the same day the Company’s board of directors appointed Raymond Mow as chief financial officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm
- Executive change
  Erik S. Nelson resigned as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: resigned
  - Role: Corporate Secretary
  source text: On July 16, 2021, Erik S. Nelson resigned as chief financial officer and corporate secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm
- Executive change
  Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Corporate Secretary
  source text: appointed Raymond Mow as chief financial officer, and Seth Bayles as corporate secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm
- Executive change
  Erik S. Nelson resigned as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On July 16, 2021, Erik S. Nelson resigned as chief financial officer and corporate secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000117/0001065949-21-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.