Bitmine Reports $3.8 Billion Quarterly Loss as Ethereum Bet Takes Toll

Bitmine reported a $3.82 billion quarterly loss driven by unrealized crypto losses, even as staking revenue surged. The company continues to expand its Ethereum holdings, now controlling over 4% of supply. Key Takeaways Bitmine posted a $3.82 billion loss in Q1 2026, driven by $3.78 billion unrealized crypto declines. Bitmine holds 4.87 million ETH (4%), […]