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Bitmine reports $6.3 billion annual net loss as ether falls 44%

Bitmine posted a $6.3 B loss for fiscal year ended Aug 31, mainly from unrealized crypto declines; ether price fell from $4,390 to $2,466, yet the firm increased its ETH holdings to 6.07 M (4.97% of supply).

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Bitmine reports $6.3 billion annual net loss as ether falls 44% · Coin News Pot