Bitmine posts $3.8 billion quarterly net loss driven by unrealized ETH decline
The Block
Bitmine Immersion Technologies reported a $3.8 billion quarterly net loss, primarily due to unrealized losses from its extensive Ethereum holdings.Summary
Bitmine Immersion Technologies announced a $3.82 billion net loss for the quarter ending February 28, 2026, a significant increase from the previous year. The loss was largely attributed to $3.78 billion in unrealized declines in its Ethereum treasury. Despite these losses, the company continues to aggressively accumulate ETH, currently holding 4.87 million tokens, and reported strong revenue growth driven by staking rewards.
(Source：The Block)