Business Context and Reporting Period
This Form 8-K is a current report filed by Bitmine Immersion Technologies, Inc. on April 27, 2026. The filing discloses a change in the Company's independent registered public accounting firm. The Company is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol BMNR.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of Prior Auditor: The Board of Directors approved the dismissal of Bush & Associates CPA LLC as the independent registered public accounting firm effective April 27, 2026.
- Engagement of New Auditor: The Company engaged KPMG LLP as its new independent registered public accounting firm, effective for the quarter ending May 31, 2026, and the fiscal year ending August 31, 2026.
- Audit History: Bush & Associates audited the financial statements for the fiscal years ended August 31, 2025, and 2024. Their reports contained no adverse opinions, disclaimers, or qualifications.
Management Commentary and Risks
Reason for Change: The change was recommended by the Audit Committee and approved by the Board of Directors as part of their appointed duties. The filing explicitly states there were no disagreements with Bush & Associates regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the fiscal years ended August 31, 2025 and 2024, or the interim period through April 27, 2026.
Consultations: The Company confirmed that neither it nor anyone on its behalf consulted with KPMG regarding accounting principles, audit opinions, or reportable events prior to the engagement.
Contingencies: No unusual items or specific financial risks were disclosed in this report. Both the outgoing and incoming auditors have reviewed the disclosures and have no objections to the statements made in this report.
Investor Verification Checklist
- Verify the content of the letter from Bush & Associates CPA LLC filed as Exhibit 16.1 to confirm their agreement with the Company's statements regarding the dismissal.
- Confirm the effective date of KPMG LLP's engagement for the upcoming fiscal periods.
- Review the Company's subsequent filings (e.g., 10-Q or 10-K) to assess the impact of the auditor change on future financial reporting timelines or disclosures.