Bitmine Immersion Technologies, Inc. (BMNR) announced the appointment of Young Kim to the dual role of Chief Financial Officer and Chief Operating Officer, effective January 1, 2026. Mr. Kim is an investment executive with over two decades of experience, previously serving as a Partner at Axiom Investors and a Senior Portfolio Manager at Columbia Threadneedle Investments.
Key Details
- Employment Agreement: Effective January 1, 2026, Mr. Kim's agreement includes an annual base salary of $500,000.
- Incentive Compensation: Mr. Kim is eligible for a performance-based annual bonus of up to $750,000 and an annual long-term incentive award in the form of Restricted Stock Units (RSUs) with a target value of $1,750,000.
- Severance Terms: Upon termination without cause, Mr. Kim is entitled to 12 months of base salary and other benefits. This increases to a lump-sum payment of 18 months of base salary if the termination occurs within 12 months following a change in control.