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.
