Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide
Summary
Bitmine reported a multi-billion dollar net loss for the 2026 fiscal year due to falling Ether prices. The crypto firm recorded massive unrealized losses on its digital asset holdings, which account for nearly five percent of the total Ether supply.
Bitmine booked $6.2 billion in unrealized losses on digital assets. It held 6.07 million ETH on Sunday, or 4.97% of Ether’s supply.
Source: Read the full story at Cointelegraph.com News
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