BitMine reported a net loss of about $6.313 billion for the fiscal year ended Aug. 31, 2026, compared with net profit of $349 million in the previous fiscal year. The company said the loss was driven mainly by fair-value changes in digital assets, including about $6.229 billion in unrealized losses primarily caused by a decline in ETH fair value. Revenue totaled about $125 million, with staking (locking crypto to earn rewards) and validation services contributing about $121 million, or roughly 97%. At fiscal year-end, BitMine held 5.9018 million ETH and 211 BTC. Its ETH holdings had a cost basis of about $19.948 billion and a period-end fair value of about $14.559 billion. A Nov. 9 holdings update said the company held 6.0701 million ETH as of Nov. 8, equal to about 4.97% of total ETH supply, with 5.2270 million ETH staked.