BitMine: Quarterly net loss of $38.2 billion as of February 28

Techub News reported, according to The Block, Ethereum treasury company BitMine released its quarterly financial report, posting a net loss of $38.2 billion for the quarter ended February 28, 2026, widening from a net loss of $1.15 million in the same period last year. The reported loss for this quarter primarily stemmed from $37.8 billion in unrealized losses on the company's digital asset holdings. As of April 12, BitMine holds 4.87 million Ethereum, valued at approximately $107 billion, accounting for 4.04% of Ethereum's total supply, with a target to reach 5%.