Bitmine Reports $3.8 Billion Quarterly Loss Amid Ethereum Price Decline
Bitmine Immersion Technologies (BMNR) reported a $3.8 billion quarterly loss due to the decline in Ethereum's price, which has dropped to half its summer 2025 level. The company holds 4.87 million ETH at an average cost of $2,206, making it the largest corporate owner of Ethereum. The loss is based on fair-value accounting, and the company's stock has fallen 31% this year.
Tickers: $ARKK $BMNR $MSTR $XRP
Topics: Bitmine Immersion Technologies Cryptocurrency Ethereum Market Volatility Staking Unrealized Losses