Bitmine (BMNR) Stock Slips as $6.3B Paper Loss Outweighs Staking Revenue

Bitmine closed down 2.8% at $18.08 on Tuesday, leaving the stock down 33% this year. The 10-K shows a $6.3 billion net loss for the fiscal year ended Aug. 31, almost all from a $6.2 billion unrealized loss tied to Ether's price drop. Revenue hit $124.8 million, with staking making up 97%.