Bitmine Immersion Technologies Files S-1/A Amendment
Ticker: BMNR · Form: S-1/A · Filed: Feb 18, 2025 · CIK: 1829311
| Field | Detail |
|---|---|
| Company | Bitmine Immersion Technologies, Inc. (BMNR) |
| Form Type | S-1/A |
| Filed Date | Feb 18, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: S-1/A, amendment, crypto
TL;DR
Bitmine Immersion files S-1/A, showing Q3 financials. Investors watch for crypto biz updates.
AI Summary
Bitmine Immersion Technologies, Inc. filed an S-1/A amendment on February 18, 2025, detailing its financial performance. For the three months ended November 30, 2024, the company reported revenue from self-mining and hosting services, with specific figures for Series A and Series B preferred stock outstanding. The filing also lists historical data from the fiscal year ending August 31, 2023.
Why It Matters
This S-1/A filing provides updated financial information and disclosures for Bitmine Immersion Technologies, Inc., which is crucial for investors to assess the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — The company operates in the cryptocurrency sector, which is inherently volatile and subject to regulatory changes, posing significant risks.
Key Numbers
- 2024-11-30 — Quarter End Date (Latest financial reporting period)
- 2023-08-31 — Fiscal Year End (Previous fiscal year end)
- 20201021 — Name Change Date (Date of former company name change)
Key Players & Entities
- BITMINE IMMERSION TECHNOLOGIES, INC. (company) — Filer
- Sandy Springs Holdings, Inc. (company) — Former Company Name
- 09 Crypto Assets (company) — Organization Name
- 20250218 (date) — Filing Date
- 2024-11-30 (date) — Quarterly Period End
- 2023-08-31 (date) — Fiscal Year End
FAQ
What is the primary business of Bitmine Immersion Technologies, Inc.?
The company is involved in finance services, specifically within the cryptocurrency asset sector, as indicated by its SIC code and organization name '09 Crypto Assets'.
When was the company formerly known as?
The company was formerly known as Sandy Springs Holdings, Inc., with a name change occurring on October 21, 2020.
What is the state of incorporation for Bitmine Immersion Technologies, Inc.?
The company is incorporated in Delaware (DE).
What are the key business activities mentioned in the filing?
The filing mentions revenue from Sale of Mining Equipment, Self-Mining, and Hosting Services.
What is the filing date of this S-1/A amendment?
This S-1/A amendment was filed on February 18, 2025.
Filing Details
This Form S-1/A (Form S-1/A) was filed with the SEC on February 18, 2025 regarding BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR).