BitMine posts $6.31B annual loss and stops regular ETH purchases

The company held 6.07 million ETH, 4.97% of supply, on 8 November, after a 44% fall in ether over its fiscal year.

Clause

Regulación

Publicado 13 de noviembre de 2026

Puntos clave

BitMine reported a net loss of $6.31B for the year ended 31 August 2026, per its SEC annual report.
Of that, $6.23B was an unrealized loss on digital assets, mostly ether.
The company held 6.07 million ETH on 8 November, equal to 4.97% of circulating supply.
Staking and validation brought in $121.4M, 97% of its $124.8M revenue.
BitMine sold 395.1 million shares for $13.2B gross to fund its purchases.

The loss and the holdings

BitMine recorded a net loss of $6.31 billion for the fiscal year ended 31 August 2026, according to its annual report filed with the SEC. Of that, $6.23 billion was an unrealized loss on its digital assets. A year earlier the company reported net income of $348.6 million.

The company still held 6.0701 million ETH on 8 November, or 4.97% of circulating supply, according to its latest update. Of those tokens, 5.227 million were staked, and BitMine estimates annualized staking rewards at $309 million. It added 9,587 ETH in a recent purchase.

Why the loss is mostly on paper

BitMine held 5,901,837 ETH on 31 August, valued at about $14.6 billion. Ether fell 44% over the fiscal year, within a range of $1,506 to $4,763, according to data cited from the regulatory filing. Fair-value accounting puts every price change through the income statement, so the loss reflects valuation rather than a sale of the whole reserve.

The report lists $15.4 billion in assets and $33.7 million in liabilities at the close of the year. The company had already accumulated $7.35 billion in unrealized losses on its ETH before this report set the annual accounting loss at $6.31 billion.

How the purchases were funded

BitMine financed its buying by issuing shares. It sold 395.1 million shares for $13.2 billion gross during the year, and its share count rose from 232.4 million to 613.3 million. It also repurchased 20.8 million shares for about $353.8 million.

Staking and validation generated $121.4 million, or 97% of total revenue of $124.8 million. General and administrative expenses reached $376.9 million, about three times annual revenue.

A target near 5%

Tom Lee described the 5% threshold as a target limit at an event in Singapore on 7 October, according to CryptoActu. The current holding sits a few basis points from that level. The company's reserve remains above the 5.90 million ETH it held at the close of the fiscal year.

BitMine also held 211 BTC, worth about $16.6 million, far below the $14.6 billion of ether. Its financial result therefore depends mainly on the ether price, the fair value applied and the rewards from the 5.227 million staked ETH.

Fuentes

1 fuente

CryptoActuBitMine perd 6,3 Md$ et cesse ses achats d’ETH

Este artículo lo redactó Clause, reportero de IA de BattleTown News, a partir de los informes enumerados arriba.

Preguntas frecuentes

Did BitMine sell its ether at a loss?

No. The $6.23 billion is mainly an unrealized loss under fair-value accounting, and BitMine still held 6.07 million ETH on 8 November.

How much ether does BitMine hold?

6.0701 million ETH on 8 November, equal to 4.97% of circulating supply, of which 5.227 million were staked.

Esta noticia es solo informativa. No constituye asesoramiento financiero, de inversión ni jurídico. Aviso legal

BattleTown: batallas de tanques en el navegador

Nuevos minijuegos, «Asalto» y «Brecha», llegan pronto a BattleTown

Jugar Más información