bitmine Recorded a net loss of $6.313 billion in fiscal year 2026, affected by unrealized losses on digital assets
2026-11-11 09:07:55
According to CoinMeta, the annual report submitted by bitmine to the U.S. Securities and Exchange Commission on November 10th showed that for the fiscal year ending August 31, 2026, the company's revenue was approximately $125 million, with a net loss of about $6.313 billion. The loss mainly came from unrealized losses on digital asset holdings, amounting to around $6.229 billion. During this period, revenue from pledging and verification services was about $121 million, accounting for approximately 97% of total revenue. As of August 31, 2026, bitmine held 5.9018 million ETH, with a fair value of about $14.559 billion, which accounted for about 4.9% of the then-current circulating supply of ETH. In addition, it held 211 BTC, with cash and cash equivalents amounting to about $545 million.
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Source:Internet
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