BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR): M&A transaction — Bitmine purchases 3,000 bitcoin miners from Luxor for $1.035 million

BITMINE IMMERSION TECHNOLOGIES, INC.

Acquired 3,000 S-19j Pro miners from Luxor Technology for total price of $1,035,000.
90% due immediately; $765,861.71 paid from proceeds of hashrate sale (90 PH/day for 365 days at 0.0005/hashrate).
2,900 miners to be hosted by third party; 100 miners deployed at Trinidad location.
Remaining 10% of purchase price due within 60 days; balance paid from cash on hand.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.4

BITMINE IMMERSION TECHNOLOGIES, INC. completed an acquisition involving Luxor Technology Corporation for $1,035,000 (closed 2024-11-14).

Action: acquisition
Counterparty: Luxor Technology Corporation
Consideration: $1,035,000
Closing: 2024-11-14

Exact text from the filing

On November 14, 2024, Bitmine Immersion Technologies, Inc. (the " Company ") entered into an agreement to purchase 3,000 S-19j Pro bitcoin miners for a total price of $1,035,000 from Luxor Technology Corporation

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Source: SEC EDGAR

accession 0001683168-24-008302

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