Form 8-K
8-K — BITMINE IMMERSION TECHNOLOGIES, INC.
Accession: 0001493152-26-018015
Filed: 2026-04-20
Period: 2026-04-20
CIK: 0001829311
SIC: 6199 (FINANCE SERVICES)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-99.1 (ex99-1.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): April 20, 2026
BITMINE
IMMERSION TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-42675
84-3986354
(State
or other jurisdiction
of incorporation or organization)
(Commission
File Number)
(IRS
Employer
Identification No.)
800
Connecticut Avenue
Norwalk,
Connecticut 06854
(Address
of principal executive office) (Zip Code)
203-401-8200
(Registrants’
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.0001
BMNR
The
New York Stock Exchange
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging
Growth Company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
April 20, 2026, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release (the “Press
Release”) providing an update on the Company’s operations. A copy of the Press Release is attached as Exhibit 99.1
and is incorporated herein by reference.
The
information under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise subject to the liabilities of that section,
and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended,
or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No.
Description
99.1
Press Release, dated April 20, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Bitmine
Immersion Technologies, Inc.
Dated:
April 20, 2026
By:
/s/
Chi Tsang
Name:
Chi
Tsang
Title:
Chief
Executive Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
Bitmine
Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.976 Million Tokens, and Total Crypto and Total Cash Holdings of $12.9 Billion
Bitmine
now owns more than 4% of the total ETH coin supply of 120.7 million
Bitmine
is 82% of the way to the ‘Alchemy of 5%’ in just 9 months
Ethereum
continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing
public and neutral blockchains
Bitmine
uplisted to the New York Stock Exchange (“NYSE”) from the NYSE American effective as of April 9, 2026
Bitmine
has 3,334,637 staked ETH, representing $7.7 billion at $2,301 per ETH
MAVAN
(Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security,
performance, and resilience
Bitmine
owns $107 million of Eightco (NASDAQ-ORBS), now one of the only publicly listed equities in the world to give investors direct exposure
to OpenAI
Bitmine
Crypto + Total Cash Holdings + “Moonshots” total $12.9 billion, including 4.976 million ETH tokens, total cash of $1.12 billion,
and other crypto holdings
Bitmine
leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine
is the 80th most traded stock in the US, trading $1.2 billion per day (5-day avg)
Bitmine
remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller
III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring
5% of ETH
NORWALK,
CT, April 20, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”)
a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto
+ total cash + “moonshots” holdings totaling $12.9 billion.
The
Company recently announced its uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American on April 9, 2026.
The Company’s common stock continues to trade under the symbol “BMNR”.
As
of April 19, 2026 at 4:00pm ET, the Company’s crypto holdings are comprised of 4,976,485 ETH at $2,301 per ETH (Coinbase NASDAQ:
COIN), 199 Bitcoin (BTC), $200 million stake in Beast Industries, $107 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”)
and total cash of $1.12 billion. Bitmine’s ETH holdings are 4.12% of the ETH supply (of 120.7 million ETH).
“We
see growing signs that the ‘mini-crypto’ winter is coming to an end. As downside tail risks for the US-Iran war diminish,
ETH has risen 41% from its early February lows. And ETH has outperformed the S&P 500 by 2,280 basis points since the war started
and remains the single best performing asset in the world (beside crude oil prices). Ethereum continues to benefit from the dual tailwinds
of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains. In our view,
there is a lot of meaning to ETH being the best ‘war-time store of value’ and to ETH being the asset leading since the war
started,” said Thomas “Tom” Lee, Chairman of Bitmine.
“While
many believe the crypto winter may last through the Fall of 2026, our view remains that the crypto winter is much closer to ending. Every
major crypto winter since 2015 has coincided with an equity drawdown of at least 20%. In fact, the 2025 crypto drawdown moved in sync
with the 20% decline in the S&P 500. But in 2026, the equity decline has been milder at -8%,” continued Mr. Lee.
“Bitmine
has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto
winter.’ In the past week, we acquired 101,627 ETH, which is the highest pace of buys since the week of December 15, 2025,”
stated Lee.
Bitmine
recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally
developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and
ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As
of April 20, 2026, Bitmine total staked ETH stands at 3,334,637 ($7.7 billion at $2,301 per ETH). “Bitmine has staked more ETH
than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected
ETH staking reward is $330 million annually (using 2.88% 7-day BMNR yield),” stated Lee.
“Annualized
staking revenues are now $221 million. And this 3.3 million ETH is about 67% of the 4.98 million ETH held by Bitmine. The CESR (Composite
Ethereum Staking Rate, administered by Quatrefoil) is 2.76%, while Bitmine’s own staking operations generated a 7-day yield
of 2.88% (annualized),” continued Lee.
Bitmine
crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns
780,897 BTC valued at $58.2 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine
is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume
of $1.2 billion (5-day average, as of April 17, 2026), ranking #80 in the US, behind Uber Technologies (rank #79) and ahead of D-Wave
Quantum (rank #81) among 5,704 US-listed stocks (statista.com and Fundstrat research).
The
GENIUS Act and Securities and Exchange Commission’s (the “SEC”) Project Crypto are as transformational to financial
services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event
was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today.
These proved to be better investments than gold.
The
Chairman’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The
Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To
stay informed, please sign up at: https://Bitminetech.io/contact-us/
About
Bitmine
Bitmine
(NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury
company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided
by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging
native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America
VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For
additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward
Looking Statements
This
press release contains statements that constitute “forward-looking statements.” The statements in this press release that
are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking
statements regarding: (i) progress and achievement of the Company’s goals regarding ETH acquisition, including the ‘Alchemy
of 5%’ initiative and the long-term value of Ethereum; (ii) the Company’s beliefs regarding Ethereum’s performance
relative to other assets, including its characterization as a “wartime store of value” and its performance during geopolitical
events; (iii) the Company’s expectations regarding the current state and future trajectory of the cryptocurrency market, including
statements that ETH may be in the “final stages of the mini-crypto winter”; (iv) continued growth and advancement of the
Company’s Ethereum treasury strategy and the applicable benefits to the Company; (v) the Company’s share repurchase program,
including statements regarding shares trading below intrinsic value, the Company’s ability to accretively retire common shares,
and the execution of repurchases through open market transactions; (vi) the Company’s digital asset accumulation strategy and staking
operations, including MAVAN, its expansion to serve institutional investors, custodians, and ecosystem partners, and projected annual
staking revenues and rewards; (vii) statements regarding the benefits of Wall Street tokenization on the blockchain and agentic AI systems
utilizing public blockchains; (viii) expectations regarding the potential impact of regulatory developments, including the GENIUS Act
and SEC Project Crypto, on financial services and digital assets; and (ix) the Company’s financial flexibility to support its treasury
operations and expanded repurchase authorization. In evaluating these forward-looking statements, you should consider various factors,
including: Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to finance its
current business, Ethereum treasury operations, share repurchase program, and proposed future business; the competitive environment of
Bitmine’s business; market conditions affecting the trading price of the Company’s common stock; regulatory developments
affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; geopolitical
events and their impact on cryptocurrency markets; the volatility and unpredictability of digital asset prices; and the future value
of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking
statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including
those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other
SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s
website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release,
except as required by law.
SOURCE
Bitmine Immersion Technologies, Inc.
MEDIA
CONTACT:
Marcy
Simon
Marcy@agentofchange.com
+19178333392
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