{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-027502","form_type":"8-K","ticker":"BMNR","cik":"0001829311","company_name":"BITMINE IMMERSION TECHNOLOGIES, INC.","filed_at":"2026-06-05T20:30:45+00:00","discovered_at":"2026-06-05T20:32:00.239456+00:00","generated_at":"2026-06-05T20:40:34.612973+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bitmine Immersion upsizes and prices $280M 9.50% Series A Perpetual Preferred offering","bullets":["Offering upsized from 3M to 3.5M shares at $80.00 each; net proceeds ~$273.8M.","Dividends accrue at 9.50% on $100 stated value, payable weekly in arrears; compounded if unpaid.","Net proceeds to be used for ETH acquisition, staking/validator expansion (MAVAN), working capital, and share repurchases.","Redemption: 110% of stated amount within 18 months, 105% from 18 mos to 3 yrs, 100% thereafter.","Listing on NYSE under symbol BMNP expected within 30 days of issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-027502","json":"https://secwatch.observer/filing/0001493152-26-027502.json","markdown":"https://secwatch.observer/filing/0001493152-26-027502.md","text":"https://secwatch.observer/filing/0001493152-26-027502.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829311/000149315226027502/0001493152-26-027502-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829311/000149315226027502/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T20:40:34.612973+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11f52ecbc355403592236045da4477281abf1d65","claim":"BITMINE IMMERSION TECHNOLOGIES, INC. entered into Underwriting Agreement with Moelis & Company LLC and Cantor Fitzgerald & Co. valued at to release approximately $273.8 million, after deducting underwriting discounts and commissions and (effective 2026-06-04).","evidence_excerpt":"On June 4, 2026, Bitmine Immersion Technologies, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Moelis & Company LLC and Cantor Fitzgerald & Co. (the “ Underwriters ”), relating to the issuance and sale in an underwritten offering (the “ Offering ”) of 3,500,000 shares (the “ Shares ”) of the Company’s 9.50% Series A Perpetual Preferred Stock, par value $0.0001 per share (the “ Series A Preferred Stock ”), at a public offering price of $80.00 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829311/000149315226027502/0001493152-26-027502-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Moelis & Company LLC and Cantor Fitzgerald & Co."},{"label":"Value","value":"to release approximately $273.8 million, after deducting underwriting discounts and commissions and"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}