TOM LEE’S BITMINE POSTS $6.3B NET LOSS ON ETH UNREALIZED LOSSES! BitMine Immersion Technologies reported a net loss of about $6.313 billion for the fiscal year ended Aug. 31…
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🚨TOM LEE’S BITMINE POSTS $6.3B NET LOSS ON ETH UNREALIZED LOSSES! BitMine Immersion Technologies reported a net loss of about $6.313 billion for the fiscal year ended Aug. 31, 2026, versus $349 mill…
🚨TOM LEE’S BITMINE POSTS $6.3B NET LOSS ON ETH UNREALIZED LOSSES! BitMine Immersion Technologies reported a net loss of about $6.313 billion for the fiscal year ended Aug. 31, 2026, versus $349 million in net income the prior year, according to its 10-K filed with the SEC. The loss was driven mainly by roughly $6.229 billion in unrealized losses on digital assets from the decline in ETH’s fair value. Full-year revenue was about $125 million, with staking and validation contributing ~$121 million, or 97%. At year-end it held 5.90 million ethereum:native (cost basis ~$19.95 billion, fair value ~$14.56 billion). As of Nov. 8 it held 6.07 million ethereum:native, or about 4.97% of supply, with 5.23 million staked.
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