Tom Lee’s BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge
In brief BitMine posted a net loss of more than $3.8 billion during the three-month stretch ending in February. The firm attributes most of the losses to the unrealized or paper losses mounting from its Ethereum holdings. Shares of BMNR are up about 1% on Wednesday, but have slid nearly 60% in the last six…