BitMine Revenue Jumps 22x Even as It Posts $9 Billion Net Loss
BitMine Immersion Technologies posted income of $46.5 million within the three months ended May 31, a 22x soar from a 12 months earlier, even as a $9.1 billion nine-month internet loss dominated its newest submitting. The loss stems nearly fully from a non-cash markdown on the corporate’s Ethereum (ETH) holdings. Underneath it, BitMine’s staking enterprise…
