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Company Executives

Officer Age In this role Joined Pay Source
Kevin O’Donnell Also a director
Chief Executive Officer and Chairman
51 Not stated Not stated Not reported
Brett Vroman
Chief Financial Officer
46 Since 2021
5 years
Not stated Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
5
serving now
Independent
4 of 5
stated in the proxy
Average tenure
2.8 years
from year joined
CEO also chairs the board
Yes
Kevin O’Donnell
Director Age On board Independent Committees Other public boards 2025 pay Source
Kevin O’Donnell
51 Not stated Not independent None stated None stated Paid as CEO
Frank Jennings
56 2021
5 years
Independent
Audit Committee Compensation Committee · Chair Nominating and Corporate Governance Committee · Chair
None stated $151,707
Louis Foreman
58 2021
5 years
Independent
Compensation Committee Nominating and Corporate Governance Committee
None stated $133,357
Nicola Caiano
53 2025
1 year
Independent
Audit Committee Compensation Committee
None stated $115,007
Thomas Lee
57 2026
0 years
Independent
Nominating and Corporate Governance Committee
Bitmine Immersion Technologies Inc. Not stated

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

Paul Vassilakos
later served as our Chairman and Chief Executive Officer
$675,000
2023

Advanced $675,000 under the Series A Loan and Security Agreement.

With Forever 8 Open in proxy
Nicholas Vassilakos
Mr. Vassilakos’s father and an immediate family member
$300,000
March 2025

Board approved repayment of $300,000 owed to Nicholas Vassilakos.

With Forever 8 Open in proxy
Kevin O’Donnell
our Chief Executive Officer and a director
$100,000
2023

Advanced $100,000 under the Series A Loan and Security Agreement at 15.00% per annum.

With Forever 8 Open in proxy
Kevin O’Donnell
our Chief Executive Officer and a director
$200,000
March 2025

Board approved repayment of $200,000 owed to Mr. O’Donnell.

With Forever 8 Open in proxy
Frank Jennings
a Company director
$100,000
2023

Advanced $100,000 under the Series A Loan and Security Agreement.

With Forever 8 Open in proxy
Frank Jennings
a Company director
Amount not stated
March 2025

Board approved repayment of the Series A loan advanced by Mr. Jennings.

With Forever 8 Open in proxy
CXO Lite, LLC
entity of which Brett Vroman, our Chief Financial Officer, is the sole member
$100,000
2024

Advanced $100,000 under the Series B Loan and Security Agreement at 15.00% per annum, on the same terms as non-affiliated lenders.

With Forever 8 Open in proxy
Frank Jennings
a Company director
$50,000
2025

Advanced $50,000 under the Series C Loan and Security Agreement at 18.00% per annum plus a 5.00% unused commitment fee; Forever 8 issued a $50,000 promissory note.

With Forever 8 Open in proxy
Frank Jennings
a Company director
$100,000
2025

Advanced $100,000 under the Series C Loan and Security Agreement; Forever 8 issued a $100,000 promissory note.

With Forever 8 Open in proxy
Foreman Consulting
entity whose controlling member was Louis Foreman, a Company director
$100,000
2025

Advanced $100,000 under the Series C Loan and Security Agreement; Forever 8 issued a $100,000 promissory note.

With Forever 8 Open in proxy
Paul Vassilakos
our former Chairman and Chief Executive Officer
Amount not stated
2024

Received 121,792 shares of common stock in connection with amendments to the Seller Notes.

With Forever 8 Open in proxy
Paul Vassilakos
our former Chairman and Chief Executive Officer
Approximately $23,580,108
2025

Holder of Seller Notes; with his affiliates received 800,000 shares of common stock on conversion of approximately $23,580,108 of principal and accrued interest under the Seller Note Termination Agreement.

With Company Open in proxy
Kevin O’Donnell
then our Interim Chief Executive Officer and a director
Amount not stated
2025

Purchased 171,233 shares of common stock at $1.46 per share in the Company’s private placement, on the same terms as other purchasers.

With Company Open in proxy

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