Key facts
- Bitmine recorded a $6.2 billion unrealized loss on digital assets in the fiscal year ended August 31, 2026, per its Form 10-K.
- Bitmine held 5.9 million Ether worth $14.6 billion at fiscal year-end, alongside $545 million in cash and cash equivalents.
- Bitmine's revenue totaled $124.8 million, above the $119.8 million average analyst estimate listed by Yahoo Finance.
- Staking and validation accounted for $121.4 million, or 97%, of Bitmine's revenue.
- Bitmine reported $15.4 billion in total assets and $33.7 million in liabilities at fiscal year-end.
- Bitmine said its holdings grew to 6.07 million ETH, or 4.97% of Ether's supply, and it estimated $309 million in annualized rewards on 5.23 million staked ETH.
Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31, 2026, driven largely by falling Ether prices, according to the Form 10-K it filed Tuesday. The company recorded a $6.2 billion unrealized loss on its digital assets. A year earlier, Bitmine posted a $348.6 million net profit.
At fiscal year-end, Bitmine reported $15.4 billion in total assets and $33.7 million in liabilities. It held 5.9 million Ether worth $14.6 billion. Assets also included $545 million in cash and cash equivalents, 211 Bitcoin valued at $16.6 million, $186 million in Beast Industries shares and $77 million in Eightco Holdings shares.
Revenue totaled $124.8 million, above the $119.8 million average analyst estimate listed by Yahoo Finance. Staking and validation accounted for $121.4 million, or 97% of revenue.
Bitmine shares closed 2.8% lower at $18.08 on Tuesday, bringing their year-to-date decline to 33%, according to Yahoo Finance. The company filed the 10-K after the market closed.
Bitmine, which the report describes as the largest corporate Ether holder, said in a Monday update that its holdings grew to 6.07 million ETH, or 4.97% of the supply. It estimated $309 million in annualized rewards on the 5.23 million ETH it had staked. During a keynote at Token2049 in Singapore on October 7, Bitmine Chairman Tom Lee called 5% of Ether's supply a hard cap for the company's holdings.