BITMINE IMMERSION TECHNOLOGIES, INC.

Bitmine Immersion Technologies, Inc. is a U.S.-based digital asset technology company that acquires, holds, and actively manages ETH as its primary treasury reserve asset. The company provides investors with indirect exposure to ETH by using offering proceeds to acquire and manage ETH within its corporate treasury. From 2021 through mid-2025, the company built and operated sites using immersion cooling, conducted self-mining, provided hosting/mining-as-a-service, and leased and sold equipment and related infrastructure. Beginning in the third calendar quarter of 2025, management refined the business to focus on digital asset ecosystem services, including consulting and advisory, and disciplined digital asset treasury management. During this period, the company began winding down proprietary self-mining exposure and deferring new site buildouts. The company's results are now primarily driven by operating efficiency and working capital management in a lower-capital expenditure model, and by ETH market conditions, which affect the value of ETH held in its treasury and treasury activities. In July 2025, the company strengthened its liquidity and expanded capital access through a public offering of common stock and related private placements, and by establishing a shelf registration statement and an ATM Program for at-the-market equity issuances. The company was originally involved in digital asset mining and related infrastructure services, including proprietary and synthetic BTC mining using immersion-cooling technology, hosting and managed services for institutional customers, and consulting, equipment sales, and leasing. Beginning in the third calendar quarter of 2025, management reoriented the business to prioritize ETH treasury operations, BTC ecosystem services (including consulting, advisory, and equipment leasing), facilitation and optimization of third-party power and hosting arrangements, and disciplined BTC treasury management, while winding down proprietary self-mining exposure and deferring new site buildouts. The company completed an uplisting of its common stock to the NYSE American in early June 2025, transitioning from the OTCQX Best Market.