BitMine 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 its SEC-filed 10-K, the principal driver was approximately $6.229 billion in unrealized digital-asset losses, largely attributed to 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. That operating revenue is a different measure from the fair-value changes that dominated the reported loss.
At fiscal year-end, BitMine held 5.9018 million ETH and 211 BTC. Its ETH holdings had a reported cost of approximately $19.948 billion and a period-end fair value of approximately $14.559 billion. Those figures describe the holdings and their accounting value at that date; they do not, on their own, establish a valuation for BitMine.
Original report: PANews, published November 11, 2026, at 10:53 UTC+8.