Foresight News|Nov 11, 2026 01:05
[BitMine Reports Net Loss of Approximately $6.313 Billion for Fiscal Year 2026, with Unrealized Losses from Digital Assets Reaching Approximately $6.229 Billion] According to Foresight News, BitMine, the Ethereum treasury company, filed its annual report with the U.S. SEC on November 10th. For the fiscal year ending August 31, 2026, the company's revenue was approximately $125 million, compared to $6.095 million in the same period of the previous year. Net loss was approximately $6.313 billion, compared to a net profit of approximately $349 million in the same period of the previous year. The loss primarily stemmed from unrealized losses on digital asset holdings, amounting to approximately $6.229 billion. During the period, revenue from staking and verification services was approximately $121 million, accounting for approximately 97% of total revenue. As of August 31, 2026, BitMine held 5,901,837 ETH, with a fair value of approximately US$14.559 billion, representing about 4.9% of the circulating supply of ETH at that time; it also held 211 BTC and cash and cash equivalents of approximately US$545 million.
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