Bitmine's Net Loss of Approximately $6.3 Billion for Fiscal Year 2026

According to Shenchao TechFlow on November 11, disclosures in Bitmine Immersion Technologies' (NYSE: BMNR) Form 10-K filed with the SEC for the fiscal year ended August 31, 2026, show that the company reported a net loss of approximately $6.3 billion, mainly due to unrealized losses of approximately $6.2 billion arising from changes in the fair value of digital assets.

During the same period, the company's revenue was approximately $124.8 million, of which staking and validation revenue was approximately $121.4 million, accounting for about 97%. As of the end of the fiscal year, the company held 5,901,837 ETH with a fair value of approximately $14.559 billion (about 4.9% of circulating supply), as well as 211 BTC and approximately $545.1 million in cash and cash equivalents. The company has shifted from Bitcoin mining operations to an Ethereum treasury and staking strategy, and has completed the acquisition of Pier Two Holdings to support the operation of the MAVAN staking platform.

Source: Shenchao TechFlow