Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide
Summary
Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended Aug. 31, including a $6.2 billion unrealized loss on digital assets as Ether prices fell. Revenue reached $124.8 million, mostly from staking and validation. At year-end, the company held 5.9 million ETH valued at $14.6 billion, alongside $545 million in cash, and reported $15.4 billion in assets and $33.7 million in liabilities. A later update put its ETH holdings at 6.07 million, or 4.97% of supply, with estimated annualized staking rewards of $309 million. Its shares were down 33% year to date.
