Bitmine is experiencing a substantial floating loss of $1.93 billion due to the recent decline in Ethereum's price. The company holds 2,830,151 ETH, which were purchased for a total of $12.83 billion at an average price of $4,535 per ETH. With Ethereum now trading below $3,900, the current value of Bitmine's holdings has decreased to $10.9 billion.
Bitmine Faces $1.93 Billion Loss as Ethereum Price Drops
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