In a report published on November 11, 2026, Jinse Finance said Ethereum treasury company BitMine (BMNR) disclosed, in a Form 10-K filed with the U.S. Securities and Exchange Commission, a net loss of about $6.313 billion for the fiscal year ended August 31, 2026. The prior fiscal year had produced a net profit of $349 million.
The filing attributes the result mainly to fair-value changes in digital assets. BitMine recorded about $6.229 billion of unrealized losses on digital assets for the year, primarily because the fair value of ETH fell. These are mark-to-market figures from the annual report, not a separate cash operating loss identified in the summary.
Full-year revenue was about $125 million. Staking and validation contributed about $121 million, or roughly 97 percent of that total. Operating revenue was therefore concentrated in staking and validation, while the bottom line was dominated by the unrealized digital-asset decline.
At fiscal year-end the company held 5,901,837 ETH and 211 BTC. The ETH position’s cost was about $19.948 billion and its period-end fair value was about $14.559 billion. The gap between those two amounts is the valuation difference the filing ties to the unrealized loss.
A holdings update BitMine published on November 9 stated that, as of November 8, ETH holdings had risen to 6,070,092, about 4.97 percent of ETH supply, of which 5,227,037 were staked. That update is later than the August 31 year-end and shows further accumulation after the loss was recorded.
The figures above are those reported by Jinse Finance from BitMine’s 10-K and the company’s November 9 update. The SEC filing cited in that report is https://www.sec.gov/Archives/edgar/data/1829311/000162828026072846/bmnr-20260831.htm. This account reflects reporting from November 2026 about the fiscal year then ended; it does not describe a new development.
Original report: https://jinse.com.cn/lives/540476.html
