markets·15d ago
BitMine Reports 22x Revenue Surge, $9.1B Net Loss on ETH Write-Down
BitMine Immersion Technologies posts $46.5M revenue, but $9.1B loss from non-cash Ethereum markdown.
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BitMine Immersion Technologies posts $46.5M revenue, but $9.1B loss from non-cash Ethereum markdown.

Corporate miner Bitmine adds to its Ethereum treasury, reaching 5.7 million ETH.

Binance shuts European services due to licensing issues; EthLabs nonprofit backed by BitMine and Joe Lubin aims to drive Ethereum adoption.

Bitmine buys 126,971 ETH worth $214M, its largest purchase of 2026, as Tom Lee dismisses market selloff.