BitMine reported a net loss of approximately $6.313 billion for fiscal year 2026 in its 10-K filing with the SEC, swinging from $349 million in net income the prior year. The massive loss was driven primarily by unrealized digital asset losses totaling roughly $6.229 billion, largely attributed to declining ETH fair value.
Full-year revenue reached approximately $125 million, with staking and validation operations contributing about $121 million, or 97% of total revenue. As of August 31, 2026, BitMine held 5.9018 million ETH with a cost basis of approximately $19.948 billion against a period-end fair value of $14.559 billion, alongside 211 BTC. By November 8, the company's ETH holdings had grown to 6.0701 million tokens, representing roughly 4.97% of total ETH supply, with 5.227 million ETH staked.
BitMine Posts $6.3B Net Loss in Fiscal 2026 on Unrealized ETH Decline
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