Bitmine Immersion Technologies terminates President Erik Nelson without cause; $605K separation package

BITMINE IMMERSION TECHNOLOGIES, INC.

President Erik Nelson terminated without Cause effective Jan 22, 2026; termination not related to any disagreement.
Nelson receives $20,000 notice and $585,000 severance ($605K total) subject to agreement execution.
Company waives Nelson's non-compete and non-solicit covenants from employment agreement.
Nelson retains confidentiality duties; mutual non-disparagement; D&O insurance continues.
Nelson holds only shares per company records; waives rights to additional equity.

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