Bitmine reports quarterly net loss of over $3.8 billion, mainly due to unrealized ETH losses

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ME News Report, April 15 (UTC+8), Ethereum treasury company Bitmine Immersion Technologies released its quarterly financial report, showing a quarterly net loss of $3.82 billion as of February 28, 2026, far exceeding last year’s same period loss of $1.15 million, mainly driven by an unrealized loss of $3.78 billion on its digital asset holdings. Six-month net losses exceeded $9 billion. As of April 12, Bitmine held 4.87 million ETH, valued at approximately $10.7 billion, with an average purchase price of $2,206 per ETH, accounting for 4.04% of the total Ethereum supply, aiming to reach 5%. Bitmine is currently the world’s largest corporate Ethereum treasury, second only to Strategy among corporate crypto treasuries. The company’s chairman stated that, considering the strengthening fundamentals of Ethereum, the current correction is attractive, and ETH prices do not reflect its high utility and role as a future financial cornerstone. The Middle East war entering its seventh week remains the main driver of the global market. (Source: PANews)

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