Key TakeawaysBitmine reported a $6.23 billion unrealized cryptocurrency loss and a $6.31 billion annual net loss, as Ethereum fell approximately 44% during its fiscal year ended Aug. 31, 2026.Annual revenue surged to $124.8 million, primarily from Ethereum staking, but operating expenses and cryptocurrency valuation losses overwhelmed those gains.Bitmine increased its holdings to 6.07 million ETH by Nov. 8, reaching approximately 4.97% of Ethereum’s circulating supply, while generating an estimated $309 million in annualized staking revenue.According to its annual filing with the SEC, Bitmine recorded a net loss of $6.31 billion…
