Bitmine Immersion Technologies, Inc.

For the transition period from ______ to ______ Commission file number: 001-42675

BITMINE IMMERSION TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter)

Delaware 84-3986354 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

800 Connecticut Avenue Norwalk , CT 06854 (Address of principal executive offices) (Zip Code)

Item 1. Financial Statements 1 Condensed Consolidated Balance Sheets as of May 31, 2026 (unaudited) and August 31, 2025 1 Condensed Consolidated Statements of Operations and Comprehensive Loss , for the Three and Nine Months Ended May 31, 2026 and 202 5 (unaud ited) 2 Condensed Consolidated Statements of Changes in Stockholders' Equity, for the Three and Nine Months Ended May 31, 2026 and 202 5 (unaudited) 4 Condensed Consolidated Statements of Cash Flows, for the Nine Months Ended May 31, 2026 and 202 5 ( unaudited ) 6 Notes to the Unaudited Condensed Consolidated Financial Statement s ( unaudited ) 8

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Item 3. Quantitative and Qualitative Disclosures about Market Risk 41

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46

Item 3. Defaults Upon Senior Securities 46