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ethereumNovember 11, 2026

BitMine reports $6.3B loss as ETH price falls

BitMine Immersion Technologies closed its fiscal year with a net loss of $6.31 billion. The reporting period ended on August 31, according to its Form 10-K filing. The company names the decline in the value of Ethereum as the main reason for the loss. For those who hold or exchange cryptocurrency, the news shows how a drop in the ETH price affects the financial results of companies tied to Ethereum.