[8-K] BitMine Immersion Technologies, Inc. Reports Material Event
BitMine Immersion Technologies, Inc. entered into Controlled Equity Offering SM sales agreements with Cantor Fitzgerald & Co. and ThinkEquity LLC to sell shares of its common stock through an at-the-market offering. The prospectus authorizing the ATM was initially sized at $2,000,000,000, was subsequently increased to $4,500,000,000, and has been further amended to permit sales having an aggregate offering price of $24,500,000,000.
The filing states the legal opinion of Winston & Strawn LLP is included as Exhibit 5.1 and emphasizes that the report is not an offer to sell stock. The amendment expands the company鈥檚 capacity to raise equity capital over time; the company has not disclosed any specific share issuances under the program.
BitMine Immersion Technologies, Inc. ha stipulato accordi di vendita Controlled Equity Offering SM con Cantor Fitzgerald & Co. e ThinkEquity LLC per cedere azioni del proprio capitale sociale tramite un'offerta at-the-market. Il prospetto che autorizzava l'ATM era inizialmente fissato a $2,000,000,000, 猫 stato poi aumentato a $4,500,000,000 e successivamente emendato per consentire vendite per un prezzo d'offerta aggregato pari a $24,500,000,000.
La documentazione indica che l'opinione legale di Winston & Strawn LLP 猫 inclusa come Exhibit 5.1 e sottolinea che il rapporto non costituisce un'offerta di vendita di titoli. L'emendamento amplia la capacit脿 della societ脿 di raccogliere capitale azionario nel tempo; la societ脿 non ha reso note emissioni specifiche di azioni nell'ambito del programma.
BitMine Immersion Technologies, Inc. suscribi贸 acuerdos de venta Controlled Equity Offering SM con Cantor Fitzgerald & Co. y ThinkEquity LLC para vender acciones de su capital social mediante una oferta at-the-market. El prospecto que autorizaba la ATM se fij贸 inicialmente en $2,000,000,000, se increment贸 posteriormente a $4,500,000,000 y se enmend贸 nuevamente para permitir ventas por un precio de oferta agregado de $24,500,000,000.
La presentaci贸n indica que la opini贸n legal de Winston & Strawn LLP se incluye como Exhibit 5.1 y enfatiza que el informe no constituye una oferta de venta de acciones. La enmienda ampl铆a la capacidad de la compa帽铆a para captar capital accionario a lo largo del tiempo; la empresa no ha revelado emisiones espec铆ficas de acciones dentro del programa.
BitMine Immersion Technologies, Inc.電� Cantor Fitzgerald & Co. 氚� ThinkEquity LLC鞕� Controlled Equity Offering SM 韺愲Г瓿勳暯鞚� 觳搓舶頃橃棳 氤错喌欤茧ゼ at-the-market(鞎畴崝毵堨紦) 氚╈嫕鞙茧 毵る弰頃橁赴搿� 頄堨姷雼堧嫟. ATM鞚� 鞀轨澑頃橂姅 靹る獏靹滊姅 齑堦赴 攴滊臧� $2,000,000,000鞓�瓿� 鞚错泟 $4,500,000,000搿� 歃濎暋霅橃棃鞙茧┌, 鞚措矆 臧滌爼鞙茧 齑� $24,500,000,000鞚� 頃╆硠 瓿惦臧�鞎￡箤歆� 毵る弰臧� 臧�電ロ暣臁岇姷雼堧嫟.
鞁犼碃靹滌棎電� Winston & Strawn LLP鞚� 氩曤鞚橁铂靹滉皜 Exhibit 5.1搿� 觳秬霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨溂氅�, 頃措嫻 氤搓碃靹滊姅 欤检嫕 毵る弰 鞝滌晥鞚� 鞎勲嫎鞚� 氇呾嫓頃橁碃 鞛堨姷雼堧嫟. 鞚措矆 臧滌爼鞚� 須岇偓臧� 鞁滉皠鞐� 瓯胳硱 鞛愲掣 臁半嫭 電ル牓鞚� 頇曤寑頃� 靾� 鞛堧弰搿� 頃� 瓴冹澊氅�, 須岇偓電� 鞚� 頂勲攴鸽灗 頃橃棎靹� 韸轨爼 欤检嫕 氚滍枆鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
BitMine Immersion Technologies, Inc. a conclu des accords de vente Controlled Equity Offering SM avec Cantor Fitzgerald & Co. et ThinkEquity LLC pour c茅der des actions de son capital social via une offre at-the-market. Le prospectus autorisant l'ATM 茅tait initialement de $2,000,000,000, a ensuite 茅t茅 port茅 脿 $4,500,000,000, et a 茅t茅 modifi茅 脿 nouveau pour permettre des ventes pour un prix d'offre total de $24,500,000,000.
Le d茅p么t pr茅cise que l'avis juridique de Winston & Strawn LLP est inclus en tant qu'Exhibit 5.1 et souligne que le rapport ne constitue pas une offre de vente de titres. L'amendement 茅tend la capacit茅 de la soci茅t茅 脿 lever des capitaux propres dans le temps ; la soci茅t茅 n'a pas divulgu茅 d'茅missions d'actions sp茅cifiques dans le cadre du programme.
BitMine Immersion Technologies, Inc. hat mit Cantor Fitzgerald & Co. und ThinkEquity LLC Controlled Equity Offering SM-Verkaufsvereinbarungen abgeschlossen, um Aktien seines Stammkapitals im Rahmen eines at-the-market-Angebots zu ver盲u脽ern. Der Prospekt, der das ATM genehmigte, war urspr眉nglich auf $2,000,000,000 angesetzt, wurde sp盲ter auf $4,500,000,000 erh枚ht und erneut ge盲ndert, um Verk盲ufe mit einem aggregierten Angebotspreis von $24,500,000,000 zu erm枚glichen.
Die Einreichung stellt fest, dass die Rechtsmeinung von Winston & Strawn LLP als Exhibit 5.1 beigef眉gt ist und betont, dass der Bericht kein Angebot zum Verkauf von Aktien darstellt. Die 脛nderung erweitert die F盲higkeit des Unternehmens, im Laufe der Zeit Eigenkapital zu beschaffen; das Unternehmen hat keine konkreten Aktienausgaben unter dem Programm bekanntgegeben.
- ATM capacity expanded to $24.5 billion, providing substantial capital-raising flexibility
- Agents appointed (Cantor Fitzgerald & Co. and ThinkEquity LLC), indicating established distribution channels
- Legal opinion included (Winston & Strawn LLP) and disclosed as Exhibit 5.1, supporting legality of potential issuance
- Potential dilution if the company elects to sell shares under the expanded ATM facility
- Large authorized offering creates the possibility of increased share supply that could pressure the market if executed
Insights
Large ATM increase meaningfully expands BitMine's equity-raising capacity and may affect share supply.
The amendment raising the ATM facility to $24.5 billion materially increases the maximum proceeds the company may obtain by selling common stock over time. From a capital-structure perspective, this provides substantial financing flexibility without an immediate issuance, but it also creates a meaningful pool of potential new supply that could be sold into the market in the future. Investors should note that the filing does not disclose any actual share sales to date; it only increases the authorized capacity under the prospectus.
Use of standard ATM mechanics with named agents and counsel signals formal readiness to access equity markets.
The company executed Controlled Equity Offering SM agreements with Cantor Fitzgerald & Co. and ThinkEquity LLC and filed prospectus supplements to substantially increase the offering cap, while attaching a legal opinion from Winston & Strawn LLP as Exhibit 5.1. Those steps reflect conventional governance and disclosure processes for establishing a large at-the-market facility. The report reiterates that it is not an offer to sell securities and does not announce any sales completed under the facility.
BitMine Immersion Technologies, Inc. ha stipulato accordi di vendita Controlled Equity Offering SM con Cantor Fitzgerald & Co. e ThinkEquity LLC per cedere azioni del proprio capitale sociale tramite un'offerta at-the-market. Il prospetto che autorizzava l'ATM era inizialmente fissato a $2,000,000,000, 猫 stato poi aumentato a $4,500,000,000 e successivamente emendato per consentire vendite per un prezzo d'offerta aggregato pari a $24,500,000,000.
La documentazione indica che l'opinione legale di Winston & Strawn LLP 猫 inclusa come Exhibit 5.1 e sottolinea che il rapporto non costituisce un'offerta di vendita di titoli. L'emendamento amplia la capacit脿 della societ脿 di raccogliere capitale azionario nel tempo; la societ脿 non ha reso note emissioni specifiche di azioni nell'ambito del programma.
BitMine Immersion Technologies, Inc. suscribi贸 acuerdos de venta Controlled Equity Offering SM con Cantor Fitzgerald & Co. y ThinkEquity LLC para vender acciones de su capital social mediante una oferta at-the-market. El prospecto que autorizaba la ATM se fij贸 inicialmente en $2,000,000,000, se increment贸 posteriormente a $4,500,000,000 y se enmend贸 nuevamente para permitir ventas por un precio de oferta agregado de $24,500,000,000.
La presentaci贸n indica que la opini贸n legal de Winston & Strawn LLP se incluye como Exhibit 5.1 y enfatiza que el informe no constituye una oferta de venta de acciones. La enmienda ampl铆a la capacidad de la compa帽铆a para captar capital accionario a lo largo del tiempo; la empresa no ha revelado emisiones espec铆ficas de acciones dentro del programa.
BitMine Immersion Technologies, Inc.電� Cantor Fitzgerald & Co. 氚� ThinkEquity LLC鞕� Controlled Equity Offering SM 韺愲Г瓿勳暯鞚� 觳搓舶頃橃棳 氤错喌欤茧ゼ at-the-market(鞎畴崝毵堨紦) 氚╈嫕鞙茧 毵る弰頃橁赴搿� 頄堨姷雼堧嫟. ATM鞚� 鞀轨澑頃橂姅 靹る獏靹滊姅 齑堦赴 攴滊臧� $2,000,000,000鞓�瓿� 鞚错泟 $4,500,000,000搿� 歃濎暋霅橃棃鞙茧┌, 鞚措矆 臧滌爼鞙茧 齑� $24,500,000,000鞚� 頃╆硠 瓿惦臧�鞎￡箤歆� 毵る弰臧� 臧�電ロ暣臁岇姷雼堧嫟.
鞁犼碃靹滌棎電� Winston & Strawn LLP鞚� 氩曤鞚橁铂靹滉皜 Exhibit 5.1搿� 觳秬霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨溂氅�, 頃措嫻 氤搓碃靹滊姅 欤检嫕 毵る弰 鞝滌晥鞚� 鞎勲嫎鞚� 氇呾嫓頃橁碃 鞛堨姷雼堧嫟. 鞚措矆 臧滌爼鞚� 須岇偓臧� 鞁滉皠鞐� 瓯胳硱 鞛愲掣 臁半嫭 電ル牓鞚� 頇曤寑頃� 靾� 鞛堧弰搿� 頃� 瓴冹澊氅�, 須岇偓電� 鞚� 頂勲攴鸽灗 頃橃棎靹� 韸轨爼 欤检嫕 氚滍枆鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
BitMine Immersion Technologies, Inc. a conclu des accords de vente Controlled Equity Offering SM avec Cantor Fitzgerald & Co. et ThinkEquity LLC pour c茅der des actions de son capital social via une offre at-the-market. Le prospectus autorisant l'ATM 茅tait initialement de $2,000,000,000, a ensuite 茅t茅 port茅 脿 $4,500,000,000, et a 茅t茅 modifi茅 脿 nouveau pour permettre des ventes pour un prix d'offre total de $24,500,000,000.
Le d茅p么t pr茅cise que l'avis juridique de Winston & Strawn LLP est inclus en tant qu'Exhibit 5.1 et souligne que le rapport ne constitue pas une offre de vente de titres. L'amendement 茅tend la capacit茅 de la soci茅t茅 脿 lever des capitaux propres dans le temps ; la soci茅t茅 n'a pas divulgu茅 d'茅missions d'actions sp茅cifiques dans le cadre du programme.
BitMine Immersion Technologies, Inc. hat mit Cantor Fitzgerald & Co. und ThinkEquity LLC Controlled Equity Offering SM-Verkaufsvereinbarungen abgeschlossen, um Aktien seines Stammkapitals im Rahmen eines at-the-market-Angebots zu ver盲u脽ern. Der Prospekt, der das ATM genehmigte, war urspr眉nglich auf $2,000,000,000 angesetzt, wurde sp盲ter auf $4,500,000,000 erh枚ht und erneut ge盲ndert, um Verk盲ufe mit einem aggregierten Angebotspreis von $24,500,000,000 zu erm枚glichen.
Die Einreichung stellt fest, dass die Rechtsmeinung von Winston & Strawn LLP als Exhibit 5.1 beigef眉gt ist und betont, dass der Bericht kein Angebot zum Verkauf von Aktien darstellt. Die 脛nderung erweitert die F盲higkeit des Unternehmens, im Laufe der Zeit Eigenkapital zu beschaffen; das Unternehmen hat keine konkreten Aktienausgaben unter dem Programm bekanntgegeben.
FAQ
What did BitMine (BMNR) disclose in this 8-K about an ATM offering?
How large is the revised ATM offering capacity for BMNR?
Who are the agents for BitMine鈥檚 ATM offering (BMNR)?
Does this filing mean BitMine has sold shares under the ATM?
Is there legal documentation attached to the filing for BMNR鈥檚 ATM?
