Form 8-K · Current Report · Filed 2026-06-05

Bitmine Immersion Technologies Announces Pricing of Upsized Series A Preferred Stock Offering

Bitmine Immersion Technologies, Inc. announced on June 4, 2026, the pricing of its upsized offering of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock at a public offering price of $80.00 per share. The issuance and sale of the Series A Preferred Stock are scheduled to settle on June 10, 2026, subject to customary closing conditions. The Company estimates that the net proceeds from the offering will be approximately $273.8 million, after deducting underwriting discounts and commissions and the Company's estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, which may include the acquisition of additional ETH and other digital assets, the expansion of staking and validator infrastructure, working capital, strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption, and repurchases of its common stock under the Company's share repurchase program.