BitMine reported a net loss of approximately $6.313 billion for fiscal year 2026, primarily dragged down by unrealized losses on digital assets.

November 11 — Ethereum treasury company BitMine (BMNR) disclosed in its 10-K annual report filed with the U.S. Securities and Exchange Commission a net loss of approximately $6.313 billion for the fiscal year ended August 31, 2026, compared with net income of $349 million in the prior fiscal year. The loss was primarily attributable to changes in the fair value of digital assets, with the company recording approximately $6.229 billion in unrealized losses on digital assets for the full year, mainly due to a decline in the fair value of ETH.

BitMine's full-year revenue was approximately $125 million, of which staking and validation operations contributed approximately $121 million, accounting for about 97% of total revenue. As of the end of the fiscal year, the company held 5,901,837 ETH and 211 BTC, with an ETH holding cost of approximately $19.948 billion and an end-of-period fair value of approximately $14.559 billion.

Separately, according to BitMine's holdings update released on November 9, as of November 8, the company's ETH holdings had increased to 6,070,092, representing approximately 4.97% of the ETH supply, of which 5,227,037 had been staked.