The post BitMine Reports $3.82 Billion Quarterly Loss as Ethereum Bet Weighs Heavy appeared on BitcoinEthereumNews.com.

BitMine Immersion Technologies (BMNR) reported a net loss of $3.82 billion for its fiscal quarter ended February 28, 2026, compared to just $1.16 million in the same period a year ago. The losses stem almost entirely from unrealized markdowns of $3.78 billion on the company’s Ethereum (ETH) treasury, which has grown to become the largest corporate ETH holding in the world. BitMine Net Loss Soars to $9 Billion BitMine’s quarterly filing reveals total operating expenses of $3.85 billion for the quarter, up from under $1 million a year earlier. The six-month net loss through February 28 exceeded $9 billion, compared with $2.1 million in the prior-year period. However, quarterly revenue told a different story. BitMine generated $11 million in Q2 revenue, up from $1.5 million a year ago. Of that total, $10.2 million came from ETH staking income. Follow us on X to get the latest news as it happens BitMine raised $10.07 billion through at-the-market stock sales during the six months, more than doubling its share count from 232 million to 494 million shares, with nearly all proceeds used to buy ETH As of April, the company has approximately 4.87 million ETH. That position represents 4.04% of the total ETH supply of 120.7 million tokens. BitMine acquired 71,524 ETH in the most recent week alone, its fastest buying pace since December 2025. The company has set a target it calls the “Alchemy of 5%,” aiming to accumulate 5% of all circulating Ethereum. It currently sits 81% of the way toward that goal. Staking Platform and NYSE Uplisting BitMine recently launched MAVAN, its institutional-grade staking platform. As of April 13, 3.3 million of its tokens were staked. At full deployment, BitMine projects annual staking rewards of $310 million. Meanwhile, the company completed its uplisting from NYSE American to the main…

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Filed under: News - @ April 15, 2026 9:33 am