SCHEDULE: Peter Thiel and Affiliates Disclose Significant 9.1% Stake in BitMine Immersion Technologies

Peter Thiel and affiliated entities, including FF Consumer Growth II, LP and FF Consumer Growth, LLC, have disclosed a combined beneficial ownership of 9.1% in BitMine Immersion Technologies, Inc.

Summary

• Peter Thiel and related entities, including FF Consumer Growth II, LP, The Founders Fund Growth II Management, LP, FF Upper Tier GP, LLC, FF Consumer Growth, LLC, and The Founders Fund Growth Management, LLC, have filed a Schedule 13G disclosing their beneficial ownership in BitMine Immersion Technologies, Inc.
• Peter Thiel is reported as beneficially owning 5,094,000 shares of common stock, representing 9.1% of the class.
• FF Consumer Growth II, LP, The Founders Fund Growth II Management, LP, and FF Upper Tier GP, LLC each beneficially own 3,926,759 shares, representing 7.0% of the class.
• FF Consumer Growth, LLC and The Founders Fund Growth Management, LLC each beneficially own 1,167,241 shares, representing 2.1% of the class.
• The reported percentages are based on 56,253,249 shares of common stock outstanding as of July 14, 2025.
• Peter Thiel, as manager of FF Upper Tier GP, LLC and The Founders Fund Growth Management, LLC, possesses the power to direct the voting and disposition of securities held by FF Consumer Growth II, LP and FF Consumer Growth, LLC.
• The reporting persons expressly disclaim status as a "group" for the purposes of this filing.

Sentiment

Score: 8

Explanation: The disclosure of a 9.1% beneficial ownership stake by Peter Thiel and his affiliated investment vehicles in BitMine Immersion Technologies, Inc. suggests a strong vote of confidence from a highly influential investor, which is typically viewed favorably by the market.

Positives

• A significant stake by a prominent investor like Peter Thiel and his associated funds could be viewed as a vote of confidence in BitMine Immersion Technologies, Inc.
• The investment indicates a strategic interest from a well-known venture capital figure in the company's future.

Negatives

• NA

Risks

• The reporting persons expressly disclaim status as a "group," which could imply a lack of coordinated action, though Peter Thiel's control over the entities suggests a unified investment strategy.
• The filing states that the securities were not acquired for the purpose of changing or influencing control of the issuer, which might limit the potential for activist investor-driven changes.

Future Outlook

NA

Management Comments

• The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates continued interest from prominent venture capital figures in companies within the technology or digital asset sectors, given Peter Thiel's known investment focus. The specific nature of "BitMine Immersion Technologies" suggests a connection to cryptocurrency mining or related infrastructure, an industry that has seen significant investment and volatility.

Stakeholder Impact

• Shareholders: Existing shareholders may view the significant investment by Peter Thiel and his funds as a positive signal, potentially increasing investor confidence and attracting further investment.
• Management: The presence of a prominent investor like Peter Thiel on the shareholder register could influence strategic decisions and corporate governance, even if the filing disclaims intent to influence control.

Key Dates

Recommendation

Keywords

BitMine Immersion Technologies, Peter Thiel, FF Consumer Growth II, Founders Fund, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Shareholder, Venture Capital