Bitmine Immersion Technologies Announces Line of Credit Amendment and Issuance of Series B Convertible Preferred Stock

Summary

On November 4, 2024, Bitmine Immersion Technologies, Inc. amended its Line of Credit Agreement with Innovative Digital Investors Emerging Technology, L.P., increasing the maximum amount to $2,300,000 and issuing 2,500 shares of Series B Convertible Preferred Stock. The amendment also included provisions for extending the maturity date and converting existing shares. Additionally, the company authorized the issuance of up to 3,000 shares of Series B Convertible Preferred Stock with specific rights and preferences.