Crypto

BitMine's $6.31 Billion Loss Highlights Ethereum Exposure Risks

Guavy AI Editorial Team Published November 12, 2026

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ETH

BitMine reported a staggering net loss of $6.31 billion for its fiscal year ending August 31, 2026, a sharp contrast to the $348.6 million profit it recorded the previous year. The primary driver of this loss was a $6.23 billion latent loss on its cryptocurrency holdings, largely due to a 44% drop…

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