Ethereum
BitMine’s $6.31B Loss Raises Questions About ETH Strategy
Cointribune·November 12, 2026·1 min read
BitMine reported a $6.31 billion loss in fiscal 2026 despite rising staking revenues, highlighting structural weaknesses in its ETH strategy. An annual return of a few percent failed to protect its crypto treasury as Ether dropped 44%. The loss raises questions about the sustainability of such approaches.
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