Bitmine Immersion Technologies, Inc. Announces Change in Independent Registered Public Accounting Firm

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a Delaware corporation based in Norwalk, CT, has announced a significant change in its independent registered public accounting firm, a move that may have important implications for shareholders and could affect the company’s share price.

Key Highlights from the Form 8-K Filing

• Change of Auditor: On April 27, 2026, Bitmine Immersion Technologies, Inc. dismissed Bush & Associates CPA LLC as its independent registered public accounting firm and engaged KPMG LLP as its new independent registered public accounting firm, effective for the quarter ending May 31, 2026, and the year ending August 31, 2026.
• No Disagreements Reported: During the fiscal years ended August 31, 2025, and 2024, and the subsequent interim period through April 27, 2026, there were no disagreements with Bush & Associates on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. There were also no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
• Auditor’s Response: Bush & Associates has provided a letter to the SEC, confirming its agreement with the Company’s statements regarding its dismissal. This letter is publicly available as Exhibit 16.1 to the Form 8-K.
• KPMG’s Involvement: KPMG has reviewed the disclosures in the Current Report and has indicated that it has no basis upon which to submit any additional or differing information in a letter to the SEC.
• Emerging Growth Company: Bitmine Immersion Technologies, Inc. is identified as an Emerging Growth Company under the SEC rules and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
• Shareholder Information: The Company’s common stock, with a par value of \$0.0001 per share, is registered and traded on the New York Stock Exchange (NYSE: BMNR).

Why Is This Important for Shareholders?

• Potential Price Sensitivity: The appointment of KPMG LLP, one of the “Big Four” accounting firms, as Bitmine’s independent auditor may be viewed positively by the market, signaling enhanced audit quality, greater credibility, and potentially improved corporate governance. Such changes can impact investor confidence and, as a result, share price performance.
• Audit Transition Risks and Opportunities: While there were no disagreements or “reportable events” with the outgoing auditor, transitions to a new audit firm can introduce temporary uncertainty or scrutiny regarding financial reporting. Investors may watch closely for KPMG’s future findings, especially during the upcoming quarterly and annual reporting cycles.
• No Indication of Financial Irregularities: The Company’s disclosure and the outgoing auditor’s confirmation suggest a routine change rather than one prompted by financial reporting issues, which should offer some reassurance to shareholders.

Additional Details Provided to the SEC

• Exhibits: The Form 8-K includes Exhibit 16.1, the letter from Bush & Associates to the SEC, affirming agreement with the Company’s statements.
• Filing Status: The filing was made under Section 13 or 15(d) of the Securities Exchange Act of 1934.
• Corporate Information: Bitmine Immersion Technologies, Inc. maintains its principal office at 800 Connecticut Avenue, Norwalk, CT 06854, with a listed phone number of 203-401-8200.

Conclusion

This change in independent auditors from Bush & Associates to KPMG LLP is a notable event for Bitmine Immersion Technologies, Inc. While no accounting disagreements or negative events were reported, the transition brings a new level of audit scrutiny and may increase investor confidence. Shareholders should monitor upcoming filings from KPMG for any changes or additional disclosures that could be material to the company’s financial statements or share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult with their own advisors before making investment decisions. The information herein is based on public filings and may not reflect the most current information available. The Company’s future filings and disclosures may provide additional material information.

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