Bitmine Immersion Technologies Enters Material Agreement

Ticker: BMNR · Form: 8-K · Filed: 2025-07-29T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, corporate-action

TL;DR

BITM signed a big deal, details to come.

AI Summary

On July 28, 2025, Bitmine Immersion Technologies, Inc. entered into a material definitive agreement. The company, formerly known as Sandy Springs Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada.

Why It Matters

This filing indicates a significant new development for Bitmine Immersion Technologies, Inc., potentially impacting its business operations and future financial performance.

Risk Assessment

Risk Level: medium — The filing reports a material definitive agreement, but the specifics of the agreement and its potential impact are not yet disclosed, creating uncertainty.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Bitmine Immersion Technologies, Inc. on July 28, 2025?

The filing does not specify the details of the material definitive agreement, only that one was entered into on July 28, 2025.

What was the former name of Bitmine Immersion Technologies, Inc.?

The former name of Bitmine Immersion Technologies, Inc. was Sandy Springs Holdings, Inc., with a name change date of October 21, 2020.

Where is Bitmine Immersion Technologies, Inc. headquartered?

Bitmine Immersion Technologies, Inc. is headquartered at 10845 Griffith Peak Dr. #2, Las Vegas, NV 89135.

In which state is Bitmine Immersion Technologies, Inc. incorporated?

Bitmine Immersion Technologies, Inc. is incorporated in Delaware.

What is the SIC code for Bitmine Immersion Technologies, Inc.?

The Standard Industrial Classification (SIC) code for Bitmine Immersion Technologies, Inc. is 6199, which falls under Finance Services.

From the Filing

0001493152-25-011466.txt : 20250729 0001493152-25-011466.hdr.sgml : 20250729 20250729072053 ACCESSION NUMBER: 0001493152-25-011466 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250728 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250729 DATE AS OF CHANGE: 20250729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BITMINE IMMERSION TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001829311 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets EIN: 843986354 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-42675 FILM NUMBER: 251157541 BUSINESS ADDRESS: STREET 1: 10845 GRIFFITH PEAK DR. #2 CITY: LAS VEGAS STATE: NV ZIP: 89135 BUSINESS PHONE: 562-310-0160 MAIL ADDRESS: STREET 1: 10845 GRIFFITH PEAK DR. #2 CITY: LAS VEGAS STATE: NV ZIP: 89135 FORMER COMPANY: FORMER CONFORMED NAME: Sandy Springs Holdings, Inc. DATE OF NAME CHANGE: 20201021 8-K 1 form8-k.htm 8-K false 0001829311 0001829311 2025-07-28 2025-07-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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):  July 28, 2025   BITMINE IMMERSION TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter)   Delaware   001-42675   84-3986354 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (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 Common Stock, par value $0.0001   BMNR   NYSE American LLC   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 ☒   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. ☐             Item 1.01 Entry into a Material Definitive Agreement.   On July 25, 2025, the Board of Directors (the “ Board ”) of Bitmine Immersion Technologies, Inc. (the “ Company ”) approved a share repurchase program (the “ 2025 Repurchase Program ”) providing for the repurchase of up to $1,000,000,000 of the Company’s outstanding shares of common stock, par value $0.0001 per share (the “ Common Stock ”). Under the 2025 Repurchase Program, the Company is authorized to repur

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