BitMine posts $3.8 billion net loss for quarter to Feb. 28 on ETH markdown

BitMine's quarterly report for the three months ended February 28, 2026 showed a net loss of $3.82 billion, compared with a $1.2 million loss a year earlier. Almost all of the loss came from a $3.78 billion unrealized loss on digital assets as ETH fell during the quarter. Revenue was $11.0 million, of which $10.2 million was staking and validation revenue.

• Net loss $3.82 billion versus $1.2 million a year earlier
• Unrealized loss on digital assets $3.78 billion
• Revenue $11.0 million; staking and validation $10.2 million
• More than 4.47 million ETH held at February 28, 2026