---
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"
generated_at: "2026-06-05T20:40:34.612973+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bitmine Immersion upsizes and prices $280M 9.50% Series A Perpetual Preferred offering

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027502
- JSON: https://secwatch.observer/filing/0001493152-26-027502.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027502.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Moelis & Company LLC and Cantor Fitzgerald & Co.
  - Value: to release approximately $273.8 million, after deducting underwriting discounts and commissions and
  - Effective: 2026-06-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829311/000149315226027502/0001493152-26-027502-index.htm

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