---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003050"
form_type: "8-K"
ticker: "BMNR"
cik: "0001829311"
company_name: "BITMINE IMMERSION TECHNOLOGIES, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:53:10.196999+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bitmine dismisses auditor BF Borgers after SEC permanent ban; engages Bush & Associates

## Summary
- SEC settled charges against BF Borgers for failing to conduct audits per PCAOB standards; Borgers permanently banned from SEC practice.
- Bitmine dismissed Borgers as independent accountant effective May 3, 2024 due to loss of authorization to perform audits.
- Borgers' opinions for FY2023 and FY2022 had going concern qualification but no other adverse opinions; no disagreements with company.
- New auditor Bush & Associates CPA engaged for fiscal year ending August 31, 2024, effective May 6, 2024.
- Company states no current basis to not rely on prior financials, but continues to assess in light of Borgers' SEC settlement.

## SEC filing metadata
- accession: 0001683168-24-003050
- form_type: 8-K
- ticker: BMNR
- cik: 0001829311
- company_name: BITMINE IMMERSION TECHNOLOGIES, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.01, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829311/000168316824003050/0001683168-24-003050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829311/000168316824003050/bitmine_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003050
- JSON: https://secwatch.observer/filing/0001683168-24-003050.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003050.txt

## Key facts
- Auditor Changes
  BITMINE IMMERSION TECHNOLOGIES, INC. engaged Bush & Associates CPA as its auditor.
  - Action: engagement
  - Auditor: Bush & Associates CPA
  source text: The Company has approved the engagement of Bush & Associates CPA (“Bush”) as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2024, which engagement was effective May 6, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316824003050/0001683168-24-003050-index.htm
- Auditor Changes
  BITMINE IMMERSION TECHNOLOGIES, INC. dismissed BF Borgers CPA PC as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA PC
  source text: the Company has dismissed Borgers as its independent account because it is no longer authorized to perform audits for the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829311/000168316824003050/0001683168-24-003050-index.htm

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