Tom Lee's Bitmine generated $121 million in collateral income, with an annual loss of $6.31 billion
2026-11-12 12:08:00
According to CoinMeta, Bitmine of Tom Lee reported in its latest 10-K filing that it generated $121.4 million in staking and verification revenue for the fiscal year 2026, accounting for nearly 97% of its total annual revenue. However, the company reported a net loss of $631 million, mainly due to unrealized losses resulting from Ethereum's price falling by about 44% during the fiscal year.
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