Bitmine Immersion Technologies reported a net loss of approximately $5.2 billion for the first quarter of 2026.
The company recorded a basic earnings per share loss of $15.98.
Total quarterly revenue reached $2.3 million.
This performance marks a significant shift from the $333.9 million net income reported in the fourth quarter of 2025.
While revenue grew year-over-year, widening losses indicate persistent pressure on profitability.