BITMINE IMMERSION TECHNOLOGIES, INC. 8-K

What Happened

• Bitmine Immersion Technologies, Inc. (BMNR) announced that its Board appointed Young Kim as Chief Financial Officer and Chief Operating Officer, effective January 1, 2026. The appointment was reported in an 8-K filed January 9, 2026 and the Company entered into an employment agreement with Mr. Kim on January 7, 2026. A press release announcing the appointment was issued on January 9, 2026.

Key Details

• Appointment and background: Mr. Kim, age 48, has over two decades of investment experience, most recently as Partner & Senior Portfolio Manager at Axiom Investors (2021–2025) and previously at Columbia Threadneedle Investments (2011–2021) where he helped manage more than $7 billion in emerging markets assets.
• Compensation: base salary $500,000 (reviewed annually); performance-based annual bonus up to $750,000; target annual long-term incentive of $1,750,000 in restricted stock units (prorated for 2026), vesting in four equal installments.
• Severance and benefits: if terminated without cause or for good reason, Mr. Kim is entitled to 12 months of base salary (paid in installments), accrued pay and benefits, earned prior-year bonus, pro‑rata current-year bonus, vested RSUs, and up to 12 months of Company‑paid COBRA premiums (subject to release and covenants). If termination occurs within 12 months after a change in control, severance becomes an 18‑month lump-sum salary payment (paid within 60 days).
• Other terms: customary confidentiality, non‑competition and non‑solicitation covenants (generally 12 months post‑termination); no family relationships or related‑party transactions reported.

Why It Matters

• A new CFO/COO is a material leadership change that can affect financial strategy and execution. Mr. Kim’s compensation mix includes significant cash and equity components (salary, bonus, RSUs), which could affect near-term cash expenses and future share dilution from RSU awards. The severance and change‑in‑control provisions establish potential post‑termination cash exposure. The employment agreement and press release are attached to the 8‑K for full details.