---
schema_version: "secwatch.filing_event.v1"
accession: "0001065949-21-000148"
form_type: "8-K/A"
ticker: "BMNR"
cik: "0001829311"
company_name: "BITMINE IMMERSION TECHNOLOGIES, INC."
filed_at: "2021-08-16T23:59:59+00:00"
generated_at: "2026-06-29T10:27:34.071876+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BitMine exits shell, new control with 57% stake, 51 MW hosting deal, $1M credit

## Summary
- Company exited shell status; new board and management appointed with crypto industry expertise.
- Secured a 51 MW oil-immersion hosting equipment purchase agreement for Bitcoin mining.
- Line of credit of $1M from Chairman Bates at 15% annual interest to fund operations.
- Change of control: new directors acquired 57% of outstanding shares via stock offering at $0.015/share.
- Name changed to BitMine Immersion Technologies; reverse/forward split completed to reduce share count.

## SEC filing metadata
- accession: 0001065949-21-000148
- form_type: 8-K/A
- ticker: BMNR
- cik: 0001829311
- company_name: BITMINE IMMERSION TECHNOLOGIES, INC.
- filed_at: 2021-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/bitmine8kamend.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065949-21-000148
- JSON: https://secwatch.observer/filing/0001065949-21-000148.json
- Plain text: https://secwatch.observer/filing/0001065949-21-000148.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/1829311/000106594921000148/0001065949-21-000148-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: the Company’s board of directors appointed Raymond Mow as Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Corporate Secretary
  source text: and Seth Bayles as Corporate Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-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: Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Ryan Ramnath was appointed as Chief Operating Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: the Company’s board of directors appointed Ryan Ramnath as Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Seth Bayles was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Director
  source text: appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Michael Maloney was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Director
  source text: appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Jonathan Bates was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Director
  source text: appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Raymond Mow was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Director
  source text: appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm
- Executive change
  Erik S. Nelson resigned as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
  - Action: resigned
  - Role: Corporate Secretary
  source text: Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000106594921000148/0001065949-21-000148-index.htm

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