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INVESTMENTS
 3 Months Ended
Nov. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS

NOTE 6 – INVESTMENTS

 

Investment in Eightco

 

On September 8, 2025, the Company entered into a Securities Purchase Agreement as part of a private investment in public equity (“PIPE”) transaction led by Eightco Holdings Inc. (“Eightco”). Pursuant to the agreement, BitMine invested $20,000 in Eightco through the purchase of Eightco common stock at a purchase price of $1.46 per share. The transaction closed on September 9, 2025.

 

As of November 30, 2025 the trading price of Eightco was $2.62. As a result, the Company recorded an Unrealized gain from trading securities of $15,890 in its Statements of Operations.

 

At the time of the transaction, the Company owned approximately 7% of the equity interest in Eightco, which is not a majority equity interest or otherwise control of Eightco. The Company accounts for its ownership interest in Eightco as an equity security with a readily determinable fair value in accordance with ASC 321. Under this method, the investment is recorded at fair value with changes in fair value recognized in earnings.