BTC$94,210+2.41%ETH$3,482+1.87%SOL$172.4-0.63%BNB$605+0.95%AVAX$38.7-1.22%LINK$18.3+2.07%BTC$94,210+2.41%ETH$3,482+1.87%SOL$172.4-0.63%BNB$605+0.95%AVAX$38.7-1.22%LINK$18.3+2.07%BTC$94,210+2.41%ETH$3,482+1.87%SOL$172.4-0.63%BNB$605+0.95%AVAX$38.7-1.22%LINK$18.3+2.07%BTC$94,210+2.41%ETH$3,482+1.87%SOL$172.4-0.63%BNB$605+0.95%AVAX$38.7-1.22%LINK$18.3+2.07%

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BitMine Revenue Jumps 22x Even as It Posts $9 Billion Net Loss

BitMine Immersion Technologies posted revenue of $46.5 million in the three months ended May 31, a 22x jump from a year earlier, even as a $9.1 billion nine-month net loss dominated its latest filing. The loss stems almost entirely from a non-cash markdown on the company’s Ethereum (ETH) holdings. U

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BitMine Revenue Jumps 22x Even as It Posts $9 Billion Net Loss

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BitMine Immersion Technologies posted revenue of $46.5 million in the three months ended May 31, a 22x jump from a year earlier, even as a $9.1 billion nine-month net loss dominated its latest filing. The loss stems almost entirely from a non-cash markdown on the company’s Ethereum (ETH) holdings. U

Source: BeInCrypto

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