BitMine Reports $3.82 Billion Quarterly Loss as Ethereum Bet Weighs Heavy

BitMine Immersion Technologies (BMNR) reported a net loss of $3.82 billion for its fiscal quarter ended February 28, 2026, compared to just $1.16 million in the same period a year ago. The losses stem almost entirely from unrealized markdowns of $3.78 billion on the company’s Ethereum (ETH) treasury, which has grown to become the largest
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