Bitmine Immersion Terminates Management Services Agreement & Restructures Staking Advisory Fees

Overview of Form 8-K Filing

On September 8, 2026, Bitmine Immersion Technologies, Inc. filed a Current Report on Form 8-K reporting the termination of a material definitive agreement (Item 1.02) and providing a Regulation FD operational update (Item 7.01).

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Key Disclosures

1. Termination of Material Definitive Agreement (Item 1.02)

• Parties Involved: BMNR Subsidiary One, LLC and Ethereum Tower LLC.
• Prior Agreement: Management Services Agreement (MSA) dated March 24, 2026, which covered strategic planning and operational management for Bitmine's Ethereum staking operations under a revenue participation model.
• Mutual Termination: On September 4, 2026, the parties entered into a Mutual Termination Agreement effective as of the close of business on September 3, 2026.
• Terms & Penalties: Both parties waived notice requirements (including the standard 180-day advance notice). The Company incurred no material early termination penalties.
• Successor Arrangement: BMNR subsidiary MAVAN Holdings LLC (formerly Standard Validator LLC) executed a new advisory agreement with American Validator LLC (an affiliate of Ethereum Tower) effective September 4, 2026, establishing a streamlined fee structure of 1.50% of staking rewards on company-staked ETH.

2. Regulation FD Disclosure & Treasury Update (Item 7.01)

• Treasury Milestone: The Company reported total crypto, cash, and marketable security holdings of $15.7 billion as of September 7, 2026.
• ETH Holdings: Bitmine holds 5,929,198 ETH (~4.9% of the total circulating supply of 122.0 million ETH).
• Staking Profile: 5,067,309 ETH are staked (valued at ~$12.6 billion at $2,495/ETH), projecting approximately $330 million in annualized staking revenues.