BITMINE IMMERSION TECHNOLOGIES, INC. 8-K

What Happened
Bitmine Immersion Technologies, Inc. (BMNR) filed an 8-K disclosing that President Erik Nelson’s employment terminated without Cause effective January 22, 2026, under a Separation Agreement executed the same day. The Board and the Compensation Committee reviewed and approved the Separation Agreement on January 22, 2026. The agreement is filed as Exhibit 10.1 to the 8-K.

Key Details

• Separation effective date: January 22, 2026.
• Payments agreed: $20,000 lump-sum notice payment and $585,000 lump-sum severance payment (total $605,000) contingent on execution, non-revocation, and compliance with the Separation Agreement.
• Employment Agreement reference: termination is “without Cause” as defined in the Employment Agreement dated September 1, 2025.
• Filing items: reported under Item 1.01 (material agreement) and Item 5.02 (departure of certain officers).

Why It Matters
This is a material executive change and a defined cash obligation the company has agreed to pay upon separation. Retail investors should note the $605,000 cash payout and that the Board formally approved the separation; the filing does not describe a replacement or operational impacts. Monitor future filings for any announcements about interim or new leadership and for disclosures on how the severance will be funded or reflected in financial statements.