Bitmine Immersion Technologies Issues 3.5 Million Shares of 9.50% Series A Perpetual Preferred Stock

Summary

On June 10, 2026, Bitmine Immersion Technologies, Inc. issued 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock in a public offering. The Series A Preferred Stock has a par value of $0.0001 per share and a liquidation preference of $100 per share, which is subject to adjustment. The preferred stock ranks senior to the company's common stock and other junior stock in terms of dividend payments and asset distribution upon liquidation. The company has the right to redeem the preferred stock under certain conditions and the preferred stockholders have voting rights on certain corporate actions. The issuance of this preferred stock modifies the rights of the company's security holders.