💼 Bitmine reports $6.3 billion net loss after ether slump
Bitmine reported a net loss of $6.3 billion in its latest fiscal year, largely due to a 44% drop in the price of ether. This massive loss reflects the volatility of the crypto market and could put downward pressure on ether's price.
$ETH #CryptoNews
Source: The Block · https://www.theblock.co/news/business/2026-11-11-bitmine-6-3-billion-net-loss-437812
Bitmine reported a net loss of $6.3 billion in its latest fiscal year, largely due to a 44% drop in the price of ether. This massive loss reflects the volatility of the crypto market and could put downward pressure on ether's price.
$ETH #CryptoNews
Source: The Block · https://www.theblock.co/news/business/2026-11-11-bitmine-6-3-billion-net-loss-437812
