CryptoThe Blockabout 10 hours ago
Bitmine Reports $6.3 Billion Annual Loss
5 min read
Bitmine reported a net loss of $6.3 billion for the fiscal year ended Aug. 31, driven by unrealized declines in digital assets. Ether fell 44% during the period, dropping from $4,390 to $2,466, while the company increased its holdings to 6,070,092 ETH. Separately, stablecoin supply dropped $14.2 billion in the largest decline since 2022, and OKXICE plans a Nov.
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