Bitmine Immersion Technologies Reports $3.8 Billion Quarterly Loss
Bitmine Immersion Technologies (NYSE: BMNR), chaired by Tom Lee, reported a $3.8 billion net loss for the quarter ending Feb. 28, 2026, driven largely by $3.78 billion in unrealized crypto losses. The company's holdings include significant Ethereum and Bitcoin positions, though it generated $11.04 million in revenue from Ether staking.
Topics: crypto losses Ethereum treasury quarterly financial results SEC filings unrealized losses