Bitmine Immersion Technologies, Inc. · NYSE:BMNR

Bitmine Immersion Technologies — Shareholder Meeting (January 2026)

10 slides from Bitmine Immersion Technologies's shareholder meeting presentation, Jan 2, 2026

  1. Slide 1: The annual shareholder vote deadline is Jan 14, 2026

    (@ BZ The annual shareholder vote deadline is Jan 14, 2026 at 11:59pm ET - many asking why we want to increase authorized shares from 500mm to 50 billion (proposal 2) No, it’s not because SBMNR is about to “dilute” shareholders Link@? Keep reading &@ to understand... PROPOSAL 2 — THE CHARTER AMENDME

  2. Slide 2: Reasons the company needs to increase authorized shares

    2/ There are 3 reasons the company needs to increase authorized shares, but one is the most important: - enable selective ATM, capital raises - opportunistic deals (mergers, etc) - accommodate future share splits <— KEY The last point is key # Any time a company splits shares, total authorized needs

  3. Slide 3: BMNR stock price follows ETH price

    3/ Since BitMine pivoted in July to make ethereum $ETH its primary treasury asset - $BMNR tracks SETH prices closely coefficient (per Bloomberg) is 0.015 * $ETH price plus accretion of ETH/share But the scatter chart below shows the clear linkage (x-axis is SETH, y-axis $BMNR) Keep reading mm... BMN

  4. Slide 4: We believe Ethereum is the future of finance

    4/ We believe ethereum is the future of finance - asupercycle drive by Wall Street re- engineering on the blockchain Major Wall Street leaders agree. @BlackRock| Larry Fink said tokenization is the next evolution of global markets. And the vast majority of tokenization is happening on ethereum Keep

  5. Slide 5: Tokenization could drive ETH/BTC to new highs

    5/ Previously, we noted our view tokenization will drive $ETH/ SBTC to reach all-time highs (0.0873) - targeting 0.25 as ethereum proves to be the future of finance This implies future $ETH prices of: - $12k - $22k <- prior high - $62k <- 0.25, “payment rails” - $250k <- if SBTC reaches $1mm Keep re

  6. Slide 6: Potential future ETH prices imply future BMNR prices

    6/ These potential future $ETH prices can be used to calculate “implied” future $BMNR prices** - $22k ETH §® $500 BMNR - $62.5k ETH &® $1,500BMNR - $250k ETH &® $5,000 BMNR “These using the coefficient 0.15*ETH plus assumed accretion ETH/share of 33%. These are for illustrative purposes only. Not a

  7. Slide 7: Keeping shares accessible requires splits

    @; To keep shares “accessible” to the public, the company would want split the shares, to reset the share price back towards $25 If SBMNR shares are: - $500, needs 20:1 split - $1,500, needs 60:1 - $5,000, needs 100:1 To reset to $25 Keep reading Mf... SHARES: Splitting shares requires more shares

  8. Slide 8: Splits increase total shares outstanding

    8/ These splits will increase total shares outstanding. Thus, BitMine can only split shares in the future if the total authorized shares is increased - see chart below - the rise in authorized shares is needed Keep reading Mm..| SHARES: Splitting shares requires more shares x Implied Required split

  9. Slide 9: Why BitMine needs to increase authorized shares

    9/ Hopefully this makes clear why BitMine needs to increase authorized shares. This gives the company maximum flexibility in the future - to learn how to vote your shares - see our Chairman’s message (https: // - or see this presentation (https: //ap- south-1.graphassets.com/ cmcvvg9jtOfra07o6drxw4i

  10. Slide 10: Register to attend the shareholder meeting and vote YES

    fay 10/ And if you would like to attend our shareholder meeting, please register to attend: You need to register in advance: https: //web.viewproxy.com/BMNR/2026 Vote YES ~ Shareholder Meeting: January 15, 2026 * a Be tein Pon ome — reholder mer Video nuary 15, 202 2)

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