Bitmine reports $6.3 billion net loss in latest fiscal year, driven by 44% ether decline

Bitmine Immersion Technologies, Inc. (BMNR) reported a net loss of more than $6.3 billion for the fiscal year ended Aug. 31, 2026, due to a significant decline in the value of ether (ETH). In the prior fiscal year, the firm reported a net income of $348.6 million.According to Form 10-K filed with t…