Bitmine Immersion Technologies has reported a staggering $6.3 billion net loss for the fiscal year ending August 31, 2026, primarily due to declining Ether prices. The company recorded $6.2 billion in unrealized losses on its digital assets, holding 6.07 million ETH, which constitutes 4.97% of Ether's total supply. Despite the losses, Bitmine's revenue reached $124.8 million, surpassing analyst estimates. The company's shares closed 2.8% lower at $18.08, marking a 33% decline year-to-date.