BitMine Immersion Technologies ($BMNRB ) reported a $6.31 billion net loss for fiscal 2026 due to falling Ethereum prices.
• Paper Loss Only: The loss comes from a $6.23 billion unrealized write-down on its crypto reserves after Ethereum dropped 44% during the year. The company did not sell any tokens.
• Strong Core Revenue: Revenue rose to $124.8 million, with 97% coming from Ethereum staking services.
• Massive ETH$ETH Holdings: BitMine now holds 6.07 million ETH (nearly 5% of all Ethereum in circulation) and $15.4 billion in total assets against minimal debt.
• Stock Dip: BMNR shares fell 2.8% to $18.08 following the report.#ChipStocksExtendLossesAfterNvidiaCEOChange $
#BitMineReports$6.3BNetLossForFiscal2026
• Paper Loss Only: The loss comes from a $6.23 billion unrealized write-down on its crypto reserves after Ethereum dropped 44% during the year. The company did not sell any tokens.
• Strong Core Revenue: Revenue rose to $124.8 million, with 97% coming from Ethereum staking services.
• Massive ETH$ETH Holdings: BitMine now holds 6.07 million ETH (nearly 5% of all Ethereum in circulation) and $15.4 billion in total assets against minimal debt.
• Stock Dip: BMNR shares fell 2.8% to $18.08 following the report.#ChipStocksExtendLossesAfterNvidiaCEOChange $
#BitMineReports$6.3BNetLossForFiscal2026
