Tom Lee's BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge

Tom Lee's BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge

Tom Lee's BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge Price data byDecryptNewsMarketsTom Lee's BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price PlungeLeading Ethereum treasury firm BitMine Immersion Technologies posted a major loss thanks to unrealized losses on its ETH.By Logan HitchcockEdited by Andrew HaywardApr 15, 2026Apr 15, 20263 min readEthereum. Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief BitMine posted a net loss of more than $3.8 billion during the three-month stretch ending in February. The firm attributes most of the losses to the unrealized or paper losses mounting from its Ethereum holdings. Shares of BMNR are up about 1% on Wednesday, but have slid nearly 60% in the last six months. Leading Ethereum treasury firm

Source: https://decrypt.co/364472/tom-lees-bitmine-posts-3-8-billion-loss-ethereum-price-plunge