Altcoins▼ Bearish

Ether slump drives Bitmine to a $6.3B loss for fiscal 2026

TradingGain Newsroom·1d ago·11 Nov 2026, 09:58 UTC

Bitmine reported a $6.3 billion net loss for fiscal 2026 as Ether prices fell. The loss included $6.2 billion in unrealized losses on its digital assets. The firm still held 6.07 million ETH, about 4.97% of Ether's total supply, so its moves matter to the market.

ETHAt the time of writing, Ethereum traded at $2,054 (-2.1% in 24h).Live price →

Why it matters

Bitmine booked $6.2 billion in unrealized losses on its digital assets.
Its holdings of 6.07 million ETH are a large share of Ether's supply.
Because Bitmine holds so much Ether, its results closely reflect the coin's price moves.

What to watch next

Watch Ether's price direction and any changes to Bitmine's ETH holdings in the coming weeks.

ETHLive chartOpen full chart →

Our official partner

Trade ETH on WEEX. New accounts get a futures bonus.

Open WEEX →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

Ether slump drives Bitmine to a $6.3B loss for fiscal 2026 — Story card · share it on your status or channel⬇ Download image

More stories

All news →

1h ago

DeFi● Neutral

SoFi's Bank-Issued Stablecoin Now Live on Polygon, Ethereum and Solana

SoFiUSD, a stablecoin from a U.S. national bank, is now live on Polygon's Open Money Stack. It also runs on Ethereum and Solana. For traders, it shows a bank-issued digital dollar expanding across several major blockchains.

ETH SOLDecrypt ↗

1h ago

Altcoins▲ Bullish

Smaller blockchains like Zilliqa, Gnosis and Ronin are moving onto Ethereum

Layer-1 networks Zilliqa, Gnosis and Ronin are joining the Ethereum ecosystem. The report says rising costs of running independently make security and liquidity benefits hard to pass up. For traders, this shows where other smaller chains may be heading and how Ethereum's network could gain activity.

ETHCointelegraph ↗

3h ago

Altcoins● Neutral

Ethereum eyes quantum-resistant accounts by 2027, but wallet users may need to act

Ethereum researchers at Ethlabs are pushing for faster blocks as part of a race to build defenses against quantum computers. They want quantum-resistant accounts ready by 2027. Wallet holders may still have to switch their signing methods themselves.

ETHCoinDesk ↗

4h ago

Altcoins● Neutral

Ethlabs pulls Hegotá slot proposal to focus on quantum readiness by 2027

Ethlabs has dropped its Hegotá slot proposal and set a roadmap aimed at quantum readiness. The plan targets 2027 and seeks to help Ethereum resist quantum attacks while giving users ways to protect their accounts. For traders, it signals that Ethereum's long-term security work is a priority.

ETHCointelegraph ↗

11h ago

Altcoins● Neutral

BitMine reports $2.8B quarterly profit on Ethereum gains, but yearly loss tops $6B

BitMine's November 10 filing shows a $2.8 billion profit for the June to August period, driven by unrealized gains on crypto holdings, including Ethereum. The company still posted a net loss of more than $6 billion for the year and $17.557 million in operating cash outflow. For traders, the gap between paper gains and cash spending shows how much these results depend on token prices.

ETHCryptoSlate ↗

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.