8-K/A
filed September 9, 2021, 7:59 PM ET
ticker BMNR
CIK 0001829311
other material
confidence high
sentiment positive
materiality 0.85
Bitmine Immersion Technologies changes control; new board, $1M credit, and 51 MW hosting agreement
BITMINE IMMERSION TECHNOLOGIES, INC.
- New board appointed; Bates Chairman, Ramnath COO; new directors hold 57% of shares.
- Entered purchase agreement for 51 MW of oil immersion hosting equipment with major manufacturer.
- Line of credit up to $1M at 15% from entity controlled by Chairman Bates.
- Corrected Class A/B warrant exercise prices to $2.00 and $5.00 from $0.20/$0.40 to fix error.
- Raised $563,625 from sale of 37,574,999 shares at $0.015 per share as of August 31, 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seth Bayles was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
By a written consent dated July 16, 2021, holders of a majority of the Company’s issued and outstanding common stock approved a resolution to appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors of the Company, and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Mow was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
By a written consent dated July 16, 2021, holders of a majority of the Company’s issued and outstanding common stock approved a resolution to appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors of the Company, and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Mow was appointed as Chief Financial Officer and Treasurer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chief Financial Officer and Treasurer
Exact text from the filing
On July 16, 2021, the Company’s board of directors appointed Raymond Mow as Chief Financial Officer and Treasurer, and Seth Bayles as Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Bates was appointed as Chairman of the Board at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
By a written consent dated July 16, 2021, holders of a majority of the Company’s issued and outstanding common stock approved a resolution to appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors of the Company, and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Bates was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
By a written consent dated July 16, 2021, holders of a majority of the Company’s issued and outstanding common stock approved a resolution to appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors of the Company, and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Corporate Secretary
Exact text from the filing
Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Corporate Secretary
Exact text from the filing
On July 16, 2021, the Company’s board of directors appointed Raymond Mow as Chief Financial Officer and Treasurer, and Seth Bayles as Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Maloney was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
By a written consent dated July 16, 2021, holders of a majority of the Company’s issued and outstanding common stock approved a resolution to appoint Jonathan Bates, Raymond Mow, Michael Maloney and Seth Bayles to the board of directors of the Company, and to appoint Jonathan Bates as Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Ramnath was appointed as Chief Operating Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
the Company’s board of directors appointed Ryan Ramnath as Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary.
View on SEC.gov
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