🔥Bitmine has reported a massive $6.31 billion net loss for the fiscal year ended 31 August 2026, primarily driven by a 44% decline in Ethereum's price. $ETH $MVLLB $AGT
However, because Bitmine does not sell its crypto, $6.23 billion of that figure is an entirely unrealized, on-paper loss.
Despite this monumental hit to the books, Chairman Tom Lee remains intensely BULLISH, holding onto aggressive long-term projections of $50,000 to $60,000 per ETH.
However, because Bitmine does not sell its crypto, $6.23 billion of that figure is an entirely unrealized, on-paper loss.
Despite this monumental hit to the books, Chairman Tom Lee remains intensely BULLISH, holding onto aggressive long-term projections of $50,000 to $60,000 per ETH.
