Unchained reports that Bitmine's annual report reveals ineffective controls, with Ethereum ending the year $5.4 billion below cost. The report also notes a $143.7 million loss in derivatives and a new 1.5% staking fee agreement with an Ethereum Tower affiliate.
Based on the Unchained report; not independently verified.
Source published: Wed, 11 Nov 2026 11:15:33 +0000
[Read the original report](https://unchainedcrypto.com/bitmine-says-its-controls-are-still-not-effective-as-eth-ended-the-year-5-4-billion-below-cost/)
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