According to The Block, citing a 10-K filing submitted by Bitmine, the company reported a net loss of over $6.3 billion for the fiscal year ended August 31, 2026. Nearly $6.23 billion of this loss stemmed from unrealized fair value losses on digital asset holdings, compared to a net profit of $348.6 million in the previous fiscal year. The report noted that the price of ETH dropped by approximately 44% during the fiscal year, with full-year revenue coming in at $124.8 million. Unrealized fair value losses are recognized in profit or loss and do not equate to asset sales of the same amount or cash outflows.