Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year
Bitmine Immersion Technologies reported a $6.23 billion unrealized loss on its cryptocurrency holdings during its 2026 fiscal year, as a steep decline in ether’s price weighed heavily on the company’s rapidly expanding digital asset treasury. According to its annual filing with the SEC, Bitmine recorded a net loss of $6.31 billion for the fiscal year […]
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