--- schema_version: "secwatch.filing_event.v1" accession: "0001683168-21-004196" form_type: "8-K/A" ticker: "BMNR" cik: "0001829311" company_name: "BITMINE IMMERSION TECHNOLOGIES, INC." filed_at: "2021-09-09T23:59:59+00:00" generated_at: "2026-06-29T04:57:21.456846+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Bitmine Immersion Technologies changes control; new board, $1M credit, and 51 MW hosting agreement ## Summary - 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. ## SEC filing metadata - accession: 0001683168-21-004196 - form_type: 8-K/A - ticker: BMNR - cik: 0001829311 - company_name: BITMINE IMMERSION TECHNOLOGIES, INC. - filed_at: 2021-09-09T23:59:59+00:00 - event_type: other_material - sentiment: positive - 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/1829311/000168316821004196/0001683168-21-004196-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/bitmine_8ka.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001683168-21-004196 - JSON: https://secwatch.observer/filing/0001683168-21-004196.json - Plain text: https://secwatch.observer/filing/0001683168-21-004196.txt ## Key facts - Executive change Seth Bayles was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Raymond Mow was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Raymond Mow was appointed as Chief Financial Officer and Treasurer at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Chief Financial Officer and Treasurer source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Jonathan Bates was appointed as Chairman of the Board at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Chairman of the Board source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Jonathan Bates was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-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/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Corporate Secretary source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm - Executive change Michael Maloney was appointed as Director at BITMINE IMMERSION TECHNOLOGIES, INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-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/1829311/000168316821004196/0001683168-21-004196-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/1829311/000168316821004196/0001683168-21-004196-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.