Bitmine's fiscal year 2026 net loss was approximately $6.3 billion.

Bitmine Immersion Technologies (NYSE: BMNR) reported a net loss of roughly $6.3 billion for its fiscal year ended August 31, 2026, according to its Form 10-K filed with the SEC, driven mainly by about $6.2 billion in unrealized losses on digital asset fair value changes. Revenue for the period was approximately $124.8 million, of which staking and validation income accounted for about $121.4 million, or 97%. At fiscal year-end the company held 5,901,837 ETH worth about $14.559 billion at fair value (roughly 4.9% of circulating supply), plus 211 BTC and about $545.1 million in cash and cash equivalents. Bitmine has shifted from Bitcoin mining to an Ethereum treasury and staking strategy and completed its acquisition of Pier Two Holdings to support operations of its MAVAN staking platform. The results highlight how mark-to-market crypto holdings can dominate earnings for treasury-style public companies, and investors will be watching ETH price swings and staking revenue trends in coming quarters.