secwatch.observer — SEC 8-K summary
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Issuer:     BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
CIK:        0001829311
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001683168-24-008302
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Bitmine purchases 3,000 bitcoin miners from Luxor for $1.035 million
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829311/000168316824008302/0001683168-24-008302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829311/000168316824008302/bitmine_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008302

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