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

Bearish-14.73%

11 Nov, 09:58

Source: Cointelegraph

AI Summary

Bitmine reported a $6.3 billion net loss for fiscal 2026 driven by unrealized losses on its massive Ethereum holdings as ETH prices declined.

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

Bitmine booked $6.2 billion in unrealized losses on digital assets. It held 6.07 million ETH on Sunday, or 4.97% of Ether’s supply.