{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-007768","form_type":"8-K","ticker":"BMNR","cik":"0001829311","company_name":"BITMINE IMMERSION TECHNOLOGIES, INC.","filed_at":"2024-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.887074+00:00","generated_at":"2026-05-30T03:48:17.540535+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bitmine Immersion expands credit line to $2.3M and issues Series B Preferred, raising $450K","bullets":["LOC increased from $1.75M to $2.3M; maturity is extendable monthly up to 6 months at $25K per extension fee.","IDI converts 11.5M common shares into 2,300 Series B Preferred shares and buys 200 additional shares for $200K cash.","Net new financing of $450K: $250K LOC draw plus $200K from Series B purchase; total Series B issued 2,500 shares.","Series A Preferred conversion price reset from $0.575 to $0.20 per share due to anti-dilution triggered by Series B issuance.","Series B Preferred has $1,000/share liquidation preference, conversion at $0.20/share, ranks senior to common but junior to Series A."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-007768","json":"https://secwatch.observer/filing/0001683168-24-007768.json","markdown":"https://secwatch.observer/filing/0001683168-24-007768.md","text":"https://secwatch.observer/filing/0001683168-24-007768.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829311/000168316824007768/0001683168-24-007768-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829311/000168316824007768/bitmine_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:48:17.540535+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ece92a12ce4cef9fa84edc2c1a76ebc411d878aa","claim":"BITMINE IMMERSION TECHNOLOGIES, INC.: Approved Certificate of Designation for Series B Convertible Preferred Stock (effective 2024-11-04).","evidence_excerpt":"On November 4, 2024, the Company approved a Certificate of Designations, Rights and Preferences of Series B Convertible Preferred Stock (the “ Certificate of Designation ”) with the Delaware Secretary of State, which authorized the creation and issuance of up to 3,000 shares of Series B Convertible Preferred Stock (the “ Series B Preferred ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829311/000168316824007768/0001683168-24-007768-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-04"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}