Bitmine Reports $3.82 Billion Net Loss for Q1 2026, Hit by Digital Asset Fair Value Volatility

BroadChain has learned that Bitmine (BMNR) reported a net loss of $3.82 billion for the quarter ending February 28, 2026, according to its quarterly financial report released on April 15, as covered by The Block. The loss was primarily driven by significant fair-value fluctuations in its digital asset holdings.

The report indicates that roughly $10 million of the quarter's revenue was generated from ETH staking rewards. The remaining revenue stemmed from other business segments, such as equipment leasing, consulting services, and proprietary mining operations.

By the quarter's end, Bitmine's treasury held approximately 4.47 million ETH. The company has since increased its position to about 4.87 million ETH, accounting for roughly 4.04% of the asset's total supply.