# Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year

- Source: Bitcoin News
- Published: 2026-11-11T19:30:57+00:00
- Category: Markets
- Original: https://news.bitcoin.com/finance/bitmine-6-3b-net-loss-ether-plunges-44-percent-fiscal-year/
- Canonical: https://groundlevelnews.com/story/bitmine-reports-6-3b-net-loss-as-ether-plunges-44-during-fiscal-year-581ac7/

Bitmine Immersion Technologies reported a $6.23 billion unrealized loss on its cryptocurrency holdings during its 2026 fiscal year, as a steep decline in ether’s price weighed heavily on the company’s rapidly expanding digital asset treasury. According to its annual filing with the SEC, Bitmine recorded a net loss of $6.31 billion for the fiscal year […]

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