Search results for BMNR
Crypto
Bitmine earned from staking but lost on derivatives, highlighting ETH strategy\'s dual nature
Bitmine earned $45.7 million last quarter from Ethereum staking and validation, but booked a $92.1 million loss on Ethereum-linked option trading, resulting in an $83.6 million quarterly net loss. Revenue rose to $46.5 million for the quarter ended May 31. Over nine months, derivative losses totaled $133.3 million. The company issued about 340.7 million shares to fund Ethereum purchases and reported large unrealised digital-asset losses, while saying it has liquidity for at least 12 months.
Crypto
BitMine holds 4.47% of ether supply, buys 111,942 ETH in a week
BitMine Immersion Technologies bought an additional 111,942 ETH over the past week, a purchase worth 370 billion yen, raising its ether holdings to 5,390,404 ETH, equal to 4.47% of the total supply. The company valued its holdings at about $11.5 billion using an ETH price of $2,134. It is also increasing staking, with 4,712,917 ETH staked as of May 25 and an annualised yield of 2.75%.
Crypto
BitMine buys another 71,252 ether, set to move to NYSE main board
BitMine Immersion Technologies said it bought an additional 71,252 ether over the past week, marking its fastest weekly buying pace since the week including Dec. 22, 2025. It said its ether holdings rose to 4,803,334 ETH, valued at about $10.2 billion at $2,123 per ether. BitMine said it will move to the New York Stock Exchange main board from April 9 under ticker BMNR and launched its MAVAN institutional staking platform.
