BitMine Immersion Faces Mounting ETH Losses Despite Strong Earnings

BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm led by Wall Street veteran Thomas Lee, is grappling with massive unrealized losses even as it reports strong annual earnings. The company recently disclosed $328 million in net income for its fiscal year ending August 31 and posted fully diluted earnings per share of $13.39.

Source: tokenpost.com

Related symbols: ETHUSD