---
title: "Bitmine reports $6.3 billion net loss in latest fiscal year, driven by 44% ether decline"
url: https://thecoingazette.com/bitmine-reports-6-3-billion-net-loss-in-latest-fiscal-year-driven-by-44-ether-decline/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "According to its SEC filing, nearly $6.23 billion of the net losses came from unrealized fair value losses on digital asset holdings."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 22
---

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

According to its SEC filing, nearly $6.23 billion of the net losses came from unrealized fair value losses on digital asset holdings.