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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): July 24, 2025
BITMINE
IMMERSION TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-42675 |
|
84-3986354 |
(State
or other jurisdiction
of
incorporation or organization) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
10845
Griffith Peak Dr. #2
Las
Vegas, NV 89135
(Address
of principal executive office) (Zip Code)
(404)
816-8240
(Registrants’
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.0001 |
|
BMNR |
|
NYSE
American LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging
Growth Company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01 Other Events.
As previously disclosed, on July 9, 2025, pursuant
to an “at the market offering” prospectus (the “Prospectus”) contained in the Shelf
Registration Statement on Form S-3ASR (File No. 333-288579) of Bitmine Immersion Technologies, Inc. (the “Company”),
the Company entered into a Controlled Equity OfferingSM Sales Agreement (the “Sales Agreement”)
with each of Cantor Fitzgerald & Co. and ThinkEquity LLC (each, an “Agent,” and together, the “Agents”)
pursuant to which the Company, from time to time, at its option may offer and sell shares of its common stock, par value $0.0001
per share (the “Common Stock”), having an aggregate offering price of up to $2,000,000,000 (the “Shares”)
from time to time, through an at-the-market offering (the “ATM Offering”) as defined in Rule 415 under the
Securities Act of 1933, as amended (the “Securities Act”).
On July 24, 2025, the Company filed a
supplement to the Prospectus with the Securities and Exchange Commission to increase the number of Shares that may be sold in the ATM
Offering pursuant to the Sales Agreement to up to $4,500,000,000 (the “ATM Sales Increase”).
This
Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any shares of Company common stock,
par value $0.0001 per share (the “Common Stock”), nor shall there be any sale of shares of Company Common Stock
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or other jurisdiction. The legal opinion of Winston & Strawn LLP relating to the legality of
the issuance and sale of the Shares pursuant to the ATM Offering, is attached as Exhibit 5.1 to this Current Report on Form 8-K and is
incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No. |
|
Description |
5.1 |
|
Opinion of Winston & Strawn LLP |
23.1 |
|
Consent of Winston & Strawn LLP (included in Exhibit 5.1). |
104 |
|
The
cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
|
Bitmine
Immersion Technologies, Inc. |
|
|
|
Dated:
July 24, 2025 |
By: |
/s/
Jonathan Bates |
|
Name: |
Jonathan
Bates |
|
Title: |
Chief
Executive Officer |