BitMine Posts $6.313 Billion Fiscal 2026 Loss, Mostly Unrealized

BitMine posted a $6.313 billion net loss for fiscal 2026, with nearly all of it tied to unrealized losses on digital-asset holdings, after posting a profit a year earlier.

Its fiscal year ended Aug. 31, 2026, and the annual report was filed Nov. 10. Revenue increased to about $125 million from $6.095 million in fiscal 2025, while net income of $349 million in the prior year gave way to the loss.

Unrealized losses on digital-asset holdings totaled about $6.229 billion, making them the main driver of the full-year result. Staking and validation generated about $121 million, or roughly 97% of revenue. The contrast between higher revenue and a multibillion-dollar loss reflects the scale of the change in value recorded across BitMine's digital-asset holdings.

At fiscal year-end Aug. 31, BitMine held 5,901,837 Ether (ETH), valued at about $14.559 billion, equal to 4.9% of circulating Ether supply at that time. Its holdings also included 211 Bitcoin (BTC) and $545 million in cash and cash equivalents.