Bitmine Immersion Technologies BMNRAgreement
Bitmine leases 3,000 miners for $3.2 million in total
Filed May 20, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On May 16, 2025, it leased 3,000 ASIC miners to KULR Technology Group through December 31, 2025.
- Total lease payments are $3,200,000: $1,600,000 at inception and five monthly payments of $320,000.
- A consulting agreement pays $800,000 and runs from May 16, 2025 to May 15, 2026.
- A May 19, 2025 press release announced the launch of its bitcoin treasury advisory practice.
Items reported
- 1.01 Material agreement
- 7.01 Investor presentation
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.