Tom Lee’s Bitmine Posts Devastating $6.3B Loss, ETH -44%

BitMine swung to a $6.3B FY2026 net loss as ETH fell 44%, with $6.23B in unrealized losses. Still, staking revenue hit $124.8M and holdings grew to 6.07M ETH, nearing 5% of supply, showing paper losses, not operational collapse.

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