BitMine Immersion Technologies, Inc. announced the appointment of Jonathan Bates as Chief Executive Officer and Erik Nelson's new appointment as President. Mr. Bates has been serving as Chairman of the Board of Directors since July of 2021 and will continue in that role. Mr. Bates has agreed to work for no salary through the end of 2022 and will receive only equity options that will not be exercisable until 2023.

Mr. Nelson previously served as Chief Executive Officer.