Bitmine Immersion Technologies, Inc. announced that on July 16, 2021, Erik S. Nelson resigned as Chief Financial Officer and Corporate Secretary. Mr. Nelson remains Chief Executive Officer. On July 16, 2021, the Company’s board of directors appointed Raymond Mow as Chief Financial Officer and Treasurer, and Seth Bayles as Corporate Secretary. Both positions were formerly held by Erik S. Nelson. On the same day, the Company’s board of directors appointed Ryan Ramnath as Chief Operating Officer. Ryan Ramnath is the Chief Executive Officer of Bitflair Mining Corp. Mr. Ramnath co-founded BitFlair Mining Corp., held the role as CEO and was instrumental in navigating the local Trinidad environment to successfully launch the first liquid cooled bitmine hosting operation in Trinidad. Raymond Mow has over 28 years of financial industry experience, most recently as Managing Director of Fixed Income at First Foundation Advisers overseeing $2.3 billion. Seth Bayles is a Corporate Attorney with over 15 years of experience practicing in the areas of entertainment, finance, technology, and commercial contracts.