# EDGAR Filing Document

**Accession Number:** 0001829311
**File Stem:** 0001493152-25-023364
**Filing Date:** 2025-11
**Character Count:** 7900
**Document Hash:** 14ee1a6b76eb4b947957b68eb3f6e556
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-023364.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001493152-25-023364

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251112

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Bates Jonathan Robert
- **CENTRAL INDEX KEY:** 0001840020

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42675
- **FILM NUMBER:** 251485235

**MAIL ADDRESS:**
- **STREET 1:** 10845 GRIFFITH PEAK DR. #2
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BITMINE IMMERSION TECHNOLOGIES, INC.
- **CENTRAL INDEX KEY:** 0001829311
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 843986354
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**BUSINESS ADDRESS:**
- **STREET 1:** 10845 GRIFFITH PEAK DR. #2
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
- **BUSINESS PHONE:** 562-310-0160

**MAIL ADDRESS:**
- **STREET 1:** 10845 GRIFFITH PEAK DR. #2
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sandy Springs Holdings, Inc.
- **DATE OF NAME CHANGE:** 20201021

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[x] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Bates Jonathan Robert<br><sub>(Last) (First) (Middle)</sub><br>10845 GRIFFITH PEAK DR. #2<br><sub>(Street)</sub><br>LAS VEGAS, NV 89135<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-12 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>BITMINE IMMERSION TECHNOLOGIES, INC. [ BMNR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock |  |  |  |  |  |  |  | 399000<sup>(1)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 210000 | I | Owned by BFAM Partners, LLC<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 96818 | I | Owned by BFAM & Co., LLC<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 252044<sup>(2)</sup> | I | Owned by Progression Asset Management Corporation<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 15427 | I | Held by The Entrust Group, Inc. Custodian FBO Jonathan Bates IRA |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Prepaid Variable Forward (obligation to sell) | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 300000<sup>(1)</sup> |  | 300000<sup>(1)</sup> | D |  |
| Prepaid Variable Forward (obligation to sell) | <sup>(2)</sup> |  |  |  |  |  |  | <sup>(2)</sup> | <sup>(2)</sup> | Common Shares | 100000<sup>(2)</sup> |  | 100000<sup>(2)</sup> | I | Owned by Progression Asset Management Corporation<sup>(3)</sup> |

---

### Footnotes:

(1) An aggregate of 300,000 of the 399,000 shares of common stock held directly by the Reporting Person is subject to a prepaid variable forward contract, as disclosed in the Form 4 and Form 4/A filed by the Reporting Person with the U.S. Securities and Exchange Commission (the "SEC") on September 24, 2025. The Reporting Person retains voting rights in these shares and may elect to deliver a cash equivalent in lieu of the shares at the maturity date.

(2) 100,000 of the 252,044 shares of common stock held by Progression Asset Management Corporation ("PAMC") is subject to a prepaid variable forward contract, as disclosed in the Form 4 filed by the Reporting Person with the SEC on September 24, 2025. The Reporting Person retains voting rights in these shares and may elect to deliver a cash equivalent in lieu of the shares at the maturity date.

(3) The Reporting Person is the 100% owner and shareholder of PAMC. The Reporting Person owns 90% of BFAM Partners, LLC ("BFAM") and BFAM & Co., LLC ("BFAM & Co"), respectively, and a trust established for his children owns the remaining 10% of each of the respective BFAM entities (BFAM and BFAM & Co.)

**Remarks:**
Effective November 12, 2025, the Reporting Person resigned as Chief Executive Officer and Director of the Issuer. The Reporting Person is voluntarily filing this Form 4 to indicate that he is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended.

**Signature:** /s/ Jonathan Bates  
**Date:** 2025-11-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**