BitMine Posts $2.8B Q3 Profit on Ethereum Gains
BitMine reported a $2.8 billion quarterly profit driven by Ethereum gains, alongside a yearly net loss exceeding $6 billion, according to CryptoSlate.
BitMine has reported a quarterly profit of $2.8 billion driven by gains on Ethereum holdings, even as its yearly net loss surpassed $6 billion, according to CryptoSlate.
Quarterly and Annual Financials
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The firm recorded the $2.8 billion profit for the quarter, largely supported by its positioning in Ethereum. However, the positive quarterly result contrasts with an annual net loss exceeding $6 billion.
Key facts
- Quarterly Profit: BitMine posted a $2.8 billion profit for the quarter.
- Main Driver: The quarterly gains were driven by Ethereum performance.
- Annual Net Loss: The company's yearly net loss surpassed $6 billion.
Source: news.google.com
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