BitMine's net loss for the fiscal year 2026 is approximately 6.313 billion USD

BitMine (BMNR) disclosed in its 10-K annual report submitted to the U.S. Securities and Exchange Commission that it expects a net loss of approximately $6.313 billion for the fiscal year ending August 31, 2026, compared to a net profit of $349 million in the previous fiscal year. The loss is primarily due to changes in the fair value of digital assets, with the company recording approximately $6.229 billion in unrealized losses on digital assets throughout the year, mainly due to the decline in the fair value of ETH.

BitMine's total revenue for the year was approximately $125 million, with staking and validation services contributing about $121 million, accounting for approximately 97% of total revenue. As of the end of the fiscal year, the company held 5,901,837 ETH and 211 BTC, with an ETH holding cost of approximately $19.948 billion and a fair value at the end of the period of approximately $14.559 billion.

Additionally, according to a position update released by BitMine on November 9, as of November 8, the company's ETH holdings have increased to 6,070,092, accounting for approximately 4.97% of the ETH supply, of which 5,227,037 ETH has been staked.