Bitmine posted an annual net loss of $6.31 billion, including $6.23 billion in unrealized losses on its crypto holdings.
According to the company’s annual report filed with the SEC, Ethereum’s price fell 44% in fiscal 2026, weighing directly on its rapidly expanding digital-asset reserves. The two figures use different accounting measures: $6.23 billion is the unrealized book loss on its holdings, while $6.31 billion is the net loss for the year. Don’t mistake the former for the latter. The filing shows that the unrealized loss and ETH’s decline occurred at the same time, but it is not enough on its own to prove that ETH caused all of the loss. It also does not address the company’s cash flow or realized gains and losses.
· The annual report discloses the fiscal year’s book results, which are not the same as losses realized through sales
Are you more interested in the unrealized loss as a share of holdings, or in how much of the annual net loss came from sources other than the holdings?
According to the company’s annual report filed with the SEC, Ethereum’s price fell 44% in fiscal 2026, weighing directly on its rapidly expanding digital-asset reserves. The two figures use different accounting measures: $6.23 billion is the unrealized book loss on its holdings, while $6.31 billion is the net loss for the year. Don’t mistake the former for the latter. The filing shows that the unrealized loss and ETH’s decline occurred at the same time, but it is not enough on its own to prove that ETH caused all of the loss. It also does not address the company’s cash flow or realized gains and losses.
· The annual report discloses the fiscal year’s book results, which are not the same as losses realized through sales
Are you more interested in the unrealized loss as a share of holdings, or in how much of the annual net loss came from sources other than the holdings?
