Bitmine Immersion Tech Files S-1/A Amendment
Ticker: BMNR · Form: S-1/A · Filed: Apr 9, 2025 · CIK: 1829311
| Field | Detail |
|---|---|
| Company | Bitmine Immersion Technologies, Inc. (BMNR) |
| Form Type | S-1/A |
| Filed Date | Apr 9, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: S-1/A, amendment, finance-services, cryptocurrency
TL;DR
Bitmine Immersion Tech amended its S-1 filing on 4/9/25, showing QTD revenue from crypto mining & hosting. Check preferred stock details.
AI Summary
Bitmine Immersion Technologies, Inc. filed an S-1/A amendment on April 9, 2025, detailing its financial operations. 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. The filing also references its former name, Sandy Springs Holdings, Inc., which was changed on October 21, 2020.
Why It Matters
This filing provides updated financial information for Bitmine Immersion Technologies, Inc., offering insights into its revenue streams and capital structure as it navigates the cryptocurrency and finance services sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency sector and is undergoing financial reporting updates, indicating potential risks associated with market fluctuations and regulatory scrutiny.
Key Numbers
- 2024-11-30 — Quarter End Date (Financial reporting period)
- 2023-08-31 — Fiscal Year End (Previous fiscal year end)
Key Players & Entities
- BITMINE IMMERSION TECHNOLOGIES, INC. (company) — Filer
- Sandy Springs Holdings, Inc. (company) — Former company name
- 20201021 (date) — Date of name change
- 20250409 (date) — Filing date
- 0831 (date) — Fiscal year end
FAQ
What were the specific revenue figures for self-mining and hosting services for the period ending November 30, 2024?
The filing indicates revenue from 'SelfMining' and 'HostingServices' for the period September 1, 2024, to November 30, 2024, but specific dollar amounts are not detailed in the provided text snippet.
What is the current status of Series A and Series B preferred stock as of November 30, 2024?
The filing references 'us-gaap:SeriesAPreferredStockMember' and 'us-gaap:SeriesBPreferredStockMember' for November 30, 2024, indicating these classes of stock are active, but specific share counts or values are not in the snippet.
What is the company's primary business activity according to its SIC code?
The company's Standard Industrial Classification (SIC) code is 6199, which falls under 'Finance Services'.
When did the company officially change its name from Sandy Springs Holdings, Inc.?
The company's name was changed from Sandy Springs Holdings, Inc. on October 21, 2020.
What is the company's principal business address?
The company's business address is 10845 Griffith Peak Dr. #2, Las Vegas, NV 89135.
Filing Details
This Form S-1/A (Form S-1/A) was filed with the SEC on April 9, 2025 regarding BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR).