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.

Games & Commerce

Nexthurs CEO Jang Hyun-kook buys 161,765 shares on market, worth about 300 million won

Nexthurs CEO Jang Hyun-kook (장현국) bought 161,765 shares of the company on the market for about 300 million won, a filing showed. The purchase was made at 1,858 won per share, for a total of 300,484,870 won. The funds came from his own money sourced from earned income, without borrowing. His holdings rose to 5,968,762 shares, while his stake fell to 7.33 percent.