Bitmine FY26 Q3 net loss widens to $83,595; revenue turns to $46,535

BitMine Immersion Technologies

BitMine Immersion Technologies

BMNR

0.00
  • Bitmine posted a net loss of USD 83.6 million for the three months ended May 31, 2026, widening from a net loss of USD 623,000 a year earlier.
  • Revenue climbed to USD 46.54 million from USD 2.05 million, driven by USD 45.74 million from staking and validation following the start of native staking in November 2025.
  • Operating loss widened to USD 11.87 million from USD 468,000, on general and administrative expenses of USD 37.27 million.
  • Net results were hit by a USD 92.09 million net loss on derivative contracts, partly offset by a USD 16.49 million gain from warrant liability fair-value changes.
  • After quarter-end, Bitmine raised USD 273.8 million in net proceeds from a Series A Preferred Stock offering to support its ETH treasury strategy and strategic investments.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-048157), on July 14, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.