BMNR - BitMine Immersion Technologies enters a JV line of credit and gives more updates

• BitMine Immersion Technologies ( OTCPK:BMNR ) entered into a joint venture with Roc Digital Mining Manager on October 13, with regard to a hosting location in Pecos, Texas which has a capacity of 5-6 megawatts over a five year period.
• Under the JV, company acquired a 30% interest in ROC Manager.
• Bitmine made a capital contribution to ROC Operating of $1,056,000, consisting of one immersion container unit valued at $300,000, six GE Protec 1500 KVA transformers valued at $750,000, and $6,000 cash.
• In order to ensure that company has the ability to execute its expansion initiatives, it has entered into a line of credit with Innovative Digital Investors Emerging Technology for loans of up to $1M.
• Company entered into a Repurchase and Hosting Agreement with The Crypto Company, under which company agreed to repurchase certain ASIC miners which it had previously sold to TCC.

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