Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended Aug. 31, compared with a $348.6 million profit the previous year. Its filing recorded a $6.2 billion unrealized loss on digital assets, largely reflecting falling Ether prices.
Bitmine reported $15.4 billion in assets at fiscal year-end, including 5.9 million Ether worth $14.6 billion. Revenue was $124.8 million, with staking and validation accounting for $121.4 million. Its shares closed 2.8% lower on Tuesday, before the company filed its annual report after the market closed.
