Form 8-K
8-K — BITMINE IMMERSION TECHNOLOGIES, INC.
Accession: 0001493152-26-027647
Filed: 2026-06-08
Period: 2026-06-08
CIK: 0001829311
SIC: 6199 (FINANCE SERVICES)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
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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): June 8, 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
June 8, 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 June 8, 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:
June 8, 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 5.54 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion
Bitmine
owns 4.59% of the total ETH coin supply of 120.7 million
Bitmine
is 92% of the way to the ‘Alchemy of 5%’ in just 11 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
has 4,718,677 staked ETH, representing $7.7 billion at $1,630 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 $88 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure
to OpenAI
Bitmine
Crypto + Total Cash Holdings + “Moonshots” total $9.6 billion, including 5.54 million ETH tokens, total cash of $247 million,
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 148th most traded stock in the US, trading $829 million 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, June 8, 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 $9.6 billion.
As
of June 7, 2026 at 3:00pm ET, the Company’s crypto holdings are comprised of 5,543,872 ETH at $1,630 per ETH (per Coinbase NASDAQ:
COIN), 204 Bitcoin (BTC), $180 million stake in Beast Industries, $88 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”)
and total cash of $247 million. Bitmine’s ETH holdings are 4.59% of the ETH supply (of 120.7 million ETH).
On
May 11, 2026, Bitmine released the latest Chairman’s Message (link here) for May 2026.
“Last
week, Zcash tumbled after it was revealed Zcash hired a security researcher to audit the Orchard circuit and found a flaw, potentially
allowing false minting of Zcash. This flaw was patched on June 1. The broad selloff in crypto, in our view, is a superficial take. As
AI systems capabilities improve, the demand for de-centralized and hardened solutions will likely increase, particularly to protect users
from agentic systems. AI systems are going to find flaws in centralized financial services rails and weak decentralized protocols. We
believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like ethereum.
Thus, we believe ETH prices should not be coming under pressure,” stated Thomas “Tom” Lee, Chairman of Bitmine.
“Over
the past week, we acquired 126,971 ETH. We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening
of Ethereum fundamentals. This is not surprising given we are in the early stages of crypto spring. Bitmine is expected to reach the
‘alchemy of 5%’ sometime in 2026,” stated Thomas “Tom” Lee, Chairman of Bitmine.
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 June 7, 2026, Bitmine total staked ETH stands at 4,718,677 ($7.7 billion at $1,630 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 $270 million on an annualized basis (using 2.99% 7-day BMNR yield),” stated Lee.
“Annualized
staking revenues are now projected at $230 million. And this 4.7 million ETH is over 85% of the 5.54 million ETH held by Bitmine. Bitmine’s
own staking operations generated a 7-day yield of 2.99% (annualized),” continued Lee.
Bitmine’s
crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns
843,706 BTC valued at $52 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 $829 million (5-day average, as of June 5, 2026), ranking #148 in the US, behind Workday Inc. (rank #147) and ahead of Pfizer Inc.
(rank #149) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine
management believes 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” within the meaning of the Private Securities
Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which
involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,”
“projected,” “intends,” “believes,” “anticipates,” “estimates,” and similar
expressions. This document specifically contains forward-looking statements regarding: (i) the Company’s goals regarding ETH acquisition,
including the ‘Alchemy of 5%’ initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the
Company’s beliefs and expectations regarding the cryptocurrency market, including that Ethereum continues to benefit from the dual
tailwinds of Wall Street tokenizing on the blockchain and agentic AI systems increasingly needing public and neutral blockchains; (iii)
expectations that demand for decentralized and hardened blockchain solutions will likely increase, particularly as AI systems capabilities
improve; (iv) management’s belief that AI systems finding flaws in centralized financial services rails and weak decentralized
protocols strengthens the use case and product market fit for hardened blockchains like Ethereum; (v) the Company’s digital asset
accumulation strategy and staking operations, including projected annualized ETH staking rewards of $270 million (when Bitmine’s
ETH is fully staked) and projected annualized staking revenues of $230 million; (vi) MAVAN’s intended expansion to serve institutional
investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (vii) the Company’s characterization
of current market conditions as the “early stages of crypto spring” and that ETH price pullbacks do not reflect the strengthening
of Ethereum fundamentals; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial
services as US action on August 15, 1971 ending Bretton Woods and the USD gold standard; and (ix) continued growth and advancement of
the Company’s Ethereum treasury strategy. 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, 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; the volatility and unpredictability of
digital asset prices; the performance, reliability, and security of the Company’s staking operations; risks related to AI systems
and their impact on cryptocurrency markets; 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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