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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): May 22, 2025

 

 

BITMINE IMMERSION TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

(State or other jurisdiction

of incorporation or organization)

000-56220

(Commission

File Number)

84-3986354

(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
None None None

 

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 x

 

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. ¨

 

 

 

   
 

  

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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