COINTELEGRAPH · 2026-11-11 09:58 UTC

Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide

Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended Aug. 31, driven largely by a $6.2 billion unrealized loss on digital assets, per its Form 10-K. The company posted a $348.6 million net profit the previous fiscal year. Bitmine held 5.9 million Ether worth $14.6 billion at year-end, with total assets of $15.4 billion and revenue of $124.8 million, above the $119.8 million analyst estimate; staking accounted for 97% of revenue.

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