BMNRHIGH SIGNALFINANCIAL10-K
BMNR executed a massive equity dilution through its at-the-market offering program, increasing outstanding shares from approximately 39.7 million to 384.1 million shares between December 2024 and November 2025.
This represents nearly a 10-fold increase in the share count, indicating the company raised substantial capital but at significant dilution to existing shareholders. The dramatic expansion of the share base suggests either urgent capital needs or preparation for major growth initiatives, fundamentally altering the company's capital structure and likely impacting earnings per share calculations going forward.
Comparing 2025-11-21 vs 2024-12-09View on EDGAR →
LANGUAGE CHANGES
NEW — 2025-11-21
PRIOR — 2024-12-09
ADDED
(Exact Name of Registrant as Specified in Its Charter) Delaware 10845 Griffith Peak Dr.
#2 Las Vegas , NV 89135 84-3986354 (State of Incorporation) (Address of Principal Executive Offices, including Zip Code) (I.R.S.
See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
As of August 31, 2025, the registrant had 234,712,310 shares of common stock issued and outstanding.
As of November 20, 2025, the registrant had issued 146,451,088 additional shares of common stock under its at-the-market offering program.
As of November 20, 2025, the registrant had 384,067,823 shares of common stock issued and outstanding.
Auditor Firm ID: PCAOB 6797 Auditor Name: Bush and Associates CPA Auditor Location: Henderson, Nevada BITMINE IMMERSION TECHNOLOGIES, INC.
Management s Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 34 Item 9A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 36 Item 13.
REMOVED
Employer incorporation or organization) Identification Number) 10845 Griffith Peak Dr.
See definition of large accelerated filer, accelerated filer , smaller reporting company , and emerging growth company in Rule 12b-2 of the Exchange Act.
As of February 29, 2024 (the last trading day of the registrant s second quarter), the aggregate market value of the common stock held by non-affiliates of the registrant, based on the $0.685 closing price of the registrant s common stock as reported on the OTC Markets on that date, was approximately $ 16,621,967 .
For purposes of this computation, all officers, directors and 10% beneficial owners of the registrant are deemed to be affiliates.
Such determination should not be deemed to be an admission that such officers, directors or 10% beneficial owners are, in fact, affiliates of the registrant.
As of December 6, 2024 there were 39,667,607 shares of common stock of the registrant issued and outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 50 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 66 Item 9A.
Directors, Executive Officers and Corporate Governance Directors and Executive Officers 69 Item 11.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matter 78 Item 13.
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