Bitmine Reports .3B Net Loss as Ether Plunges 44% During Fiscal Year

Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year

Key Takeaways Bitmine reported a $6.23 billion unrealized cryptocurrency loss and a $6.31 billion annual net loss, as Ethereum fell approximately 44% during its fiscal year ended Aug. 31, 2026. Annual revenue surged to $124.8 million, primarily from Ethereum staking, but operating expenses and cryptocurrency valuation losses overwhelmed those gains. Bitmine increased its holdings to…

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