EthereumNov 11, 2026, 10:45 AM UTCETH

Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide

Bitmine booked $6.2 billion in unrealized losses on digital assets. It held 6.07 million ETH on Sunday, or 4.97% of Ether’s supply.

Reported by Cointelegraph. CryptoNova picks and ranks the stories; the original outlet is the authority. Not financial advice. Disclaimer

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The group said it aims to make Ethereum post-AI by 2027 as well, resistant to cryptographic risks that AI development is bringing.

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According to its SEC filing, nearly $6.23 billion of the net losses came from unrealized fair value losses on digital asset holdings.

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It’s a big shift for Ethereum from the “ultrasound money” days. But can ETH compete as a store-of-value play?

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Fulton’s complaint cites a recorded Buterin conversation and alleges discrimination and retaliation.

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