BitMine reported a $6.3 billion net loss for the fiscal year ended August 31, including $6.2 billion in unrealized losses mainly caused by the decline in Ethereum’s price. ETH traded on Coinbase between $1,506 and $4,763 during the fiscal year. The company held 5,901,837 ETH at year-end, acquired at a cost of $19.9 billion and valued at $14.6 billion at closing prices. Ethereum staking generated $121.4 million in revenue, while option trades produced a net loss of $143.7 million.
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