Bitmine Immersion Technologies, Inc. Completes Acquisition of 3,000 S-19j Pro Bitcoin Miners

Summary

On November 14, 2024, Bitmine Immersion Technologies, Inc. completed the purchase of 3,000 S-19j Pro bitcoin miners from Luxor Technology Corporation for a total price of $1,035,000. The acquisition will be financed with 90% paid immediately from the proceeds of a Master Hashrate Purchase and Sale Agreement, and the remaining 10% to be paid within 60 days from cash on hand. Bitmine plans to utilize a third party to host 2,900 miners, with the remaining 100 miners to be deployed at its Trinidad location.