Key facts
- This page summarizes Jonathan Robert Bates's Form 4 filing for BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 24 Sep 2025, 21:40.
Jonathan Robert Bates - 22 Sep 2025 Form 4 Insider Report for BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- BMNR
- Reported as of
- 22 Sep 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 24 Sep 2025, 21:40:26 UTC
- Prior SEC filing
- 24 Sep 2025
- Next SEC filing
- 14 Nov 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jonathan Bates
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jonathan Robert Bates filed Form 4 for BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) on 24 Sep 2025.
Change
- Previous filing in this sequence was filed on 24 Sep 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001840020
Primary reporting owner
Bates Jonathan Robert
- Relationship
- Chief Executive Officer, Director
- Address
- 10845 GRIFFITH PEAK DR. #2, LAS VEGAS
- Signature
- /s/ Jonathan Bates
- Signature date
- 24 Sep 2025
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BMNR
transaction
Derivative
Prepaid Variable Forward (obligation to sell)
Other
- Transaction value
- Shares
- +50,000
- Change %
- Price
- Shares after
- 50,000
- Date
- 22 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 50,000
- Exercise price
- Footnotes
- F1, F2, F3, F4
BMNR
transaction
Derivative
Prepaid Variable Forward (obligation to sell)
Other
- Transaction value
- Shares
- +100,000
- Change %
- Price
- Shares after
- 100,000
- Date
- 22 Sep 2025
- Ownership
- Owned by Progression Asset Management Corporation
- Underlying class
- Common Shares
- Underlying amount
- 100,000
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
On September 22, 2025, the Reporting Person entered into a prepaid variable forward contract with an unaffiliated financial institution (the "Bank") for himself and for Progression Asset Management Corporation ("PAMC"), respectively. The contract obligates the Reporting Person to deliver to the Bank up to an aggregate of 50,000 shares and 100,000 shares, respectively (each the "Base Amount") of the Issuer's Common Stock (or, at the Reporting Person's election, an equivalent amount of cash) on a settlement date following September 11, 2028 (the "Maturity Date") (continued on footnote 2 to this Form 4).
Footnote F2
(Continued from footnote 1 to this Form 4) In exchange for assuming this obligation, the Reporting Person received a cash payment of $2,389,663 and $4,779,326, respectively. The Reporting Person respectively pledged 50,000 shares and 100,000 shares of the Issuer's Common Stock (the "Pledged Shares") to secure his obligations under the contract, and retained voting rights in the Pledged Shares during the term of the pledge, but is obligated to pay to the Bank the economic benefits of dividends.
Footnote F3
The number of shares of the Issuer's Common Stock to be delivered by the Reporting Person to the Bank on the Settlement Date (first business day following the Maturity Date) is to be generally determined as follows: (a) if the closing price of shares of the Issuer's Common Stock on the Maturity Date (the "Settlement Price") is less than $90.00 ("Cap Level") but greater than $53.30 ("Floor Level"), the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount multiplied by a ratio equal to the Floor Level divided by the Settlement Price; (continued on footnote 4 to this Form 4)
Footnote F4
(Continued from footnote 3 to this Form 4) (b) if the Settlement Price is equal to or greater than the Cap Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Floor Level and (B) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Floor Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount.
Footnote F5
Held by Progression Asset Management Corporation, a California corporation wholly owned by the Reporting Person.