Bitmine Reports $3.82B Quarterly Loss Driven by Ethereum Holdings
Share:
Bitmine reported a $3.82B net loss for the quarter ended Feb 28, 2026 (six-month net losses >$9B), driven by a $3.78B unrealized loss on ETH as prices remained well below prior highs, highlighting valuation risk to crypto treasuries. The firm holds ~4.87M ETH (~$10.7B, >4% of supply, targeting 5%) and revenue rose to $11.04M (90% from ETH staking yield, up from $1.5M a year ago), showing strong staking-based revenue but concentrated token exposure and balance-sheet vulnerability (crypto, ETH, staking, treasury, DeFi).
Predictions Markets
See what traders are focused on
- Bitmine posted a $3.82B quarterly loss driven by $3.78B in unrealized ETH losses.
- The firm holds 4.87M ETH (~$10.7B), over 4% of total supply, with a target of 5%.
- Revenue rose to $11.04M, with 90% coming from ETH staking yield, up from $1.5M a year ago.
Bitmine Immersion Technologies posted a $3.82 billion net loss for the quarter ended February 28, 2026, driven almost entirely by unrealized losses on its Ethereum holdings.
The loss rose sharply from just $1.15 million a year earlier. Over a six-month period, total net losses crossed $9 billion. The key driver was a $3.78 billion unrealized hit on digital assets as ETH prices remained well below prior highs.
ETH Treasury Strategy Drives Exposure
Bitmine has aggressively built one of the largest Ethereum positions in the market. As of April 12, the company held around 4.87 million ETH, valued at nearly $10.7 …
Read The Full Article Bitmine Reports $3.82B Quarterly Loss Driven by Ethereum Holdings On Coin Edition.
Read More
ETH price faces short squeeze risk as big players buy
