BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) Form 10-Q — Jul 14, 2026
Bitmine Immersion Technologies reported a net loss of $83.6 million for the third fiscal quarter ended May 31, 2026, compared to a loss of $623,000 in the prior-year period. The loss was primarily driven by a $9.0 billion unrealized loss on digital asset holdings (ETH and BTC) over the nine-month period, reflecting significant market volatility, alongside a $92.1 million net loss on derivative contracts. Despite the GAAP losses, revenue surged to $46.5 million for the quarter, fueled by the company's new Ethereum staking and validation operations and the recent acquisition of Pier Two.
Key figures
- Revenue
- 46535
- Total Assets
- 11630253
- Cash Position
- 340289
- Digital assets held
- 10871934
- Common shares outstanding
- 603226394
- Preferred stock dividend rate
- 9.50%
- Net proceeds preferred stock subsequent
- 273800000
Price after filing
Close on the filing date to close N calendar days later (from $14.69). Historical, not a forecast.
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