BitMine Reports $3.82 Billion Quarterly Loss Due to Ethereum Holdings
BitMine Immersion Technologies (BMNR) reported a net loss of $3.82 billion for the fiscal quarter ended February 28, 2026, primarily due to unrealized markdowns on its Ethereum holdings. Despite a significant increase in revenue from ETH staking, the company's losses have surged, with a six-month net loss exceeding $9 billion. The company has been aggressively purchasing Ethereum, aiming to hold 5% of the total supply.
Tickers: $BMNR
Topics: Corporate Loss Ethereum Market Capitalization Staking Income Stock Sales Unrealized Markdowns