BitMine Reports $3.8 Billion Quarterly Loss Linked to Ethereum Price Decline

BitMine Immersion Technologies reported a $3.8 billion quarterly loss, primarily due to unrealized losses from its Ethereum holdings. The firm's losses have worsened over six months, exceeding $9 billion, as Ethereum's price has dropped significantly. The company continues to accumulate Ethereum despite the decline.

By Logan Hitchcock Wed, April 15, 2026 at 8:17 PM GMT+3 2 min read · Yahoo Finance · April 15, 2026, 17:17 UTC

Tickers: $ORBS

Topics: BitMine Immersion Technologies Cryptocurrency Ethereum SEC Filing Unrealized Losses

Read the full article at Yahoo Finance

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