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Crypto

BitMine posts big quarterly loss after Ethereum valuation hit

BitMine Immersion Technologies posted a net loss of $3.82 billion in fiscal 2026 second quarter due to valuation losses on its Ethereum holdings, compared with a $1.16 million loss a year earlier. Most of the deficit came from $3.78 billion in unrealised losses. Revenue rose to $11 million, led by Ethereum staking income. The company raised about $1.00 billion through stock sales and expanded its Ethereum holdings to about 4.87 million tokens.

Crypto

Bitmine moves to NYSE main board, expands share buyback cap to $4 billion

Bitmine Immersion Technologies moved its listing to the New York Stock Exchange main board and expanded its share buyback limit to $4 billion. Trading on NYSE began on April 9, while trading on NYSE American ended at the close on April 8. The board unanimously raised the 2025 repurchase authorization from $1 billion to $4 billion, including already executed buybacks. The company has also increased its Ethereum purchases and staking.