BitMine Immersion Faces 4 Billion Dollar Loss on Ethereum

BitMine Immersion Faces Significant Losses in Ethereum Assets

BitMine Immersion is facing serious unrealized losses in its Ethereum (ETH) assets due to the decline in cryptocurrency prices. The company reported a profit of 328 million dollars for the 2025 fiscal year, but analyst Markus Thielen noted that the company is experiencing structural issues.

Thielen warned that investors could be stuck in a complex and costly structure, stating that high compensations, insufficient Ethereum staking returns, and the loss of net asset value (NAV) premium make the situation more difficult.