BitMine (BMNR) reported 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, according to a November 11 report by Jinse Finance citing the company’s 10-K filing. The report attributed most of the loss to approximately $6.229 billion in unrealized digital-asset losses, primarily from a decline in ETH’s fair value.
Annual revenue was approximately $125 million. Staking and validation contributed about $121 million, or roughly 97% of the total. At the fiscal year-end, BitMine held 5,901,837 ETH and 211 BTC. Its ETH holdings had a cost basis of approximately $19.948 billion and a period-end fair value of approximately $14.559 billion.
The fiscal year-end figures are separate from BitMine’s later holdings update, issued November 9. As of November 8, the company reported holding 6,070,092 ETH—about 4.97% of ETH supply—with 5,227,037 ETH staked.
Original report, published November 11, 2026, at 13:14 UTC+8.