Bitmine Immersion Technologies Reports $3.82 Billion Net Loss for Quarter Ended February 28

82 billion for the quarter ended February 28. The loss was driven by unrealized losses on the company's Ethereum holdings. 78 billion in unrealized losses on its digital asset holdings. 15 million for the same period in the previous year.

Bitmine Immersion Technologies increased its Ethereum holdings during the crypto downturn since late 2025. 7 billion.

Six-Month Period Shows Losses Exceeding $9 Billion For the six-month period, Bitmine Immersion Technologies reported a net loss exceeding $9 billion.

1 million. The substantial increase in losses reflects the impact of unrealized losses on digital assets. Bitmine Immersion Technologies' stock built a base near $20-$22. The company's Ethereum holdings expansion occurred amid the crypto downturn since late 2025.

Ethereum Holdings and Valuation Details Bitmine Immersion Technologies held 4.

87 million ETH as of April 12. 7 billion on that date. 78 billion on digital asset holdings contributed to the quarterly net loss. The company increased its Ethereum holdings during the period of crypto market decline since late 2025.

This strategy aligned with the reported financial results for the quarter ended February 28.

Comparison to Prior Year Performance In the previous year's corresponding quarter, Bitmine Immersion Technologies reported a net loss of $1.

15 million. 1 million. The current period's results show a significant widening of losses, primarily due to Ethereum-related unrealized losses.