secwatch.observer — SEC 8-K summary
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Issuer:     BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
CIK:        0001829311
Form:       8-K/A
Filed at:   2021-09-09T23:59:59+00:00
Accession:  0001683168-21-004196
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bitmine Immersion Technologies changes control; new board, $1M credit, and 51 MW hosting agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/0001683168-21-004196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829311/000168316821004196/bitmine_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-004196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer