Bitmine reported a $6.31 billion net loss for the fiscal year ended Aug. 31, 2026, compared with a $348.6 million profit the year before. Its filing included a $6.23 billion unrealized cryptocurrency loss, largely tied to ether; Ethereum’s price fell about 44% during the fiscal year.
Annual revenue rose to $124.8 million, mostly from staking, but general and administrative expenses alone reached $376.9 million. Bitmine held 6,070,092 ETH as of Nov. 8, about 4.97% of Ethereum’s circulating supply. It said roughly 5.23 million ETH was staked, generating an estimated $309 million in annualized revenue at prevailing yields—not revenue earned during the reported fiscal year.
