Form 8-K · Current Report · Filed 2026-03-16

Bitmine Immersion Technologies Announces $11.5 Billion in Crypto and Cash Holdings

Bitmine Immersion Technologies, Inc. announced that its crypto and total cash holdings have reached $11.5 billion as of March 15, 2026. The company holds 4.596 million ETH tokens, representing 3.81% of the ETH supply, and has total cash holdings of $1.2 billion. Bitmine has also increased its investment in Eightco by $80 million to support ORBS's $50 million purchase of OpenAI equity, making ORBS the only publicly listed equity with direct exposure to OpenAI. Additionally, Bitmine acquired 5,000 ETH from the Ethereum Foundation to enable EF to fund its core operations. The company is set to launch its staking solution, MAVAN, in Q1 2026, which is expected to generate annualized staking revenues of $272 million.