đ Bitmine posts a $6.3B fiscal-year loss as ether falls 44%
Tom Lee's Bitmine Immersion Technologies (BMNR) reported a net loss of more than $6.3 billion for the fiscal year ended Aug. 31, 2026, after a $348.6 million profit the year before. In its Form 10-K filed with the SEC, nearly $6.23 billion of the loss came from unrealized fair-value marks on digital assets. At the end of August the firm held 5,901,837 ETH worth $14.6 billion and 211 BTC worth $16.6 million. Ether dropped around 44% over the fiscal year, from about $4,390 to $2,466.
Full-year revenue was $124.8 million, with staking and validation accounting for 97%. In a Monday press release, Bitmine said it has now accumulated 6,070,092 ETH, or 4.97% of supply. Chairman Tom Lee said the firm would stop buying once it reaches the "Alchemy of 5%" target set in June 2025.
â The results show how sharply a public ether-treasury model can swing with ETH prices.
#ETH #Ethereum #crypto
Tom Lee's Bitmine Immersion Technologies (BMNR) reported a net loss of more than $6.3 billion for the fiscal year ended Aug. 31, 2026, after a $348.6 million profit the year before. In its Form 10-K filed with the SEC, nearly $6.23 billion of the loss came from unrealized fair-value marks on digital assets. At the end of August the firm held 5,901,837 ETH worth $14.6 billion and 211 BTC worth $16.6 million. Ether dropped around 44% over the fiscal year, from about $4,390 to $2,466.
Full-year revenue was $124.8 million, with staking and validation accounting for 97%. In a Monday press release, Bitmine said it has now accumulated 6,070,092 ETH, or 4.97% of supply. Chairman Tom Lee said the firm would stop buying once it reaches the "Alchemy of 5%" target set in June 2025.
â The results show how sharply a public ether-treasury model can swing with ETH prices.
#ETH #Ethereum #crypto
