Ethereum
Bitmine (BMNR) Swings From $348.6M Profit to $6.3B Loss on Ethereum (ETH) Decline
COINOTAG·November 11, 2026·1 min read
Bitmine Immersion Technologies (BMNR) swung from a $348.6 million net profit to a $6.3 billion net loss for the fiscal year ended Aug. 31, 2026, driven by the decline in Ethereum (ETH). The sharp reversal highlights the impact of crypto market volatility on mining firms' balance sheets.
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