Bitmine Immersion Tech Files 8-K on Officer Changes & Financials
Ticker: BMNR · Form: 8-K · Filed: 2025-09-04T00:00:00.000Z
Sentiment: neutral
Topics: officer-changes, director-changes, financial-statements, corporate-governance
TL;DR
Bitmine Immersion Tech (BMIT) filed an 8-K detailing leadership changes and financial updates.
AI Summary
Bitmine Immersion Technologies, Inc. filed an 8-K on September 4, 2025, reporting on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits, with the earliest event reported as September 1, 2025. The company was formerly known as Sandy Springs Holdings, Inc. until October 21, 2020.
Why It Matters
This 8-K filing signals potential shifts in the company's leadership and provides updated financial information, which could impact investor confidence and strategic direction.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with the filing of financial statements, can indicate significant internal developments that may carry inherent risks.
Key Numbers
- 001-42675 — SEC File Number (Identifies the company's filing with the SEC.)
- 84-3986354 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- BITMINE IMMERSION TECHNOLOGIES, INC. (company) — Registrant
- Sandy Springs Holdings, Inc. (company) — Former Company Name
- 001-42675 (company) — SEC File Number
- 20201021 (date) — Date of Name Change
- September 1, 2025 (date) — Date of earliest event reported
- September 4, 2025 (date) — Filing Date
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates a report on the departure of directors or certain officers, election of directors, and appointment of certain officers.
What is the exact name of the company filing this report?
The exact name of the registrant is BITMINE IMMERSION TECHNOLOGIES, INC.
When was the company formerly known as Sandy Springs Holdings, Inc.?
The company was formerly known as Sandy Springs Holdings, Inc. until October 21, 2020.
What is the principal executive office address?
The principal executive office is located at 10845 Griffith Peak Dr. #2, Las Vegas, NV 89135.
What is the earliest event date reported in this 8-K?
The earliest event reported is September 1, 2025.
Filing Stats: 1,371 words · 5 min read · ~5 pages · Grade level 15.9 · Accepted 2025-09-03 19:43:01
Key Financial Figures
- $0.0001 B — ch registered Common Stock, par value $0.0001 BMNR NYSE American LLC Indicate by ch
- $3,037,000 — ual compensation under his Agreement is $3,037,000, consisting of: (i) an annual base sala
- $750,000 — isting of: (i) an annual base salary of $750,000; (ii) a minimum annual cash bonus of $3
- $375,000 — 00; (ii) a minimum annual cash bonus of $375,000, payable in equal quarterly installment
- $93,750 — able in equal quarterly installments of $93,750; (iii) performance-based compensation o
- $787,500 — (iii) performance-based compensation of $787,500, subject to achievement of performance
- $1,125,000 — y award with a grant-date fair value of $1,125,000, granted in the form of restricted stoc
- $1,023,750 — ual compensation under his Agreement is $1,023,750, consisting of: (i) an annual base sala
- $350,000 — isting of: (i) an annual base salary of $350,000; (ii) a minimum annual cash bonus of $1
- $105,000 — 00; (ii) a minimum annual cash bonus of $105,000, payable in equal quarterly installment
- $26,250 — able in equal quarterly installments of $26,250; (iii) performance-based compensation o
- $113,750 — (iii) performance-based compensation of $113,750, subject to achievement of performance
- $455,000 — y award with a grant-date fair value of $455,000, granted in the form of RSUs, subject t
- $406,250 — ual compensation under his Agreement is $406,250, consisting of: (i) an annual base sala
- $240,000 — isting of: (i) an annual base salary of $240,000; (ii) a minimum annual cash bonus of $5
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex10-1.htm (EX-10.1) — 146KB
- ex10-2.htm (EX-10.2) — 156KB
- ex10-3.htm (EX-10.3) — 148KB
- 0001641172-25-026481.txt ( ) — 734KB
- bmnr-20250901.xsd (EX-101.SCH) — 3KB
- bmnr-20250901_lab.xml (EX-101.LAB) — 33KB
- bmnr-20250901_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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: September 3, 2025 By: /s/ Jonathan Bates Name: Jonathan Bates Title: Chief Executive Officer