Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31, driven largely by falling Ether prices. The company recorded a $6.2 billion unrealized loss on digital assets, after posting a $348.6 million net profit in the previous fiscal year. At fiscal year-end, Bitmine reported $15.4 billion in total assets, including 5.9 million Ether worth $14.6 billion and $545 million in cash and cash equivalents. Revenue reached $124.8 million, with staking and validation accounting for 97%, while its Ether holdings subsequently increased to 6.07 million tokens, or 4.97% of the total supply.
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