UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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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:
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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
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Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On May 22, 2025, Bitmine Immersion Technologies, Inc. (the “Company”) entered into a Master Hashrate Purchase and Sale Agreement (the “Master Hashrate Agreement”) with Luxor Technology Corporation (“Luxor”). Pursuant to the Master Hashrate Agreement, the Company agreed to purchase a daily hashrate of 90PH/s for 176 days from Luxor, valued at 8.1576 bitcoin. The Company paid $706,833 to Luxor, representing 8.1576 bitcoin less the Company’s 1.8126 bitcoin held as margin by Luxor.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Item No. | Description | |
10..1 | Master Hashrate Purchase and Sale Agreement between the Company and Luxor Technology Corporation dated May 22, 2025 (incorporated by reference to Exhibit 10.20 to the Registration Statement on Form S-1/A (File No. 333-284361) of the Company, filed on May 27, 2025) | |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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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: May 28, 2025 | By: | /s/ Jonathan Bates |
Name: | Jonathan Bates | |
Title: | Chief Executive Officer |
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