Wu said that he learned that the 10-K annual report submitted to the U.S. SEC by BitMine Immersion Technologies, a listed company on the U.S. stock market, disclosed that the net loss for the fiscal year ending August 31, 2026 was approximately US$6.313 billion (net profit of US$349 million in the previous fiscal year). The main reason for the loss was the decline in the fair value of digital assets, resulting in an unrealized loss of approximately US$6.229 billion; the company's total annual revenue was approximately US$1.25 billion. Billion US dollars, of which the pledge and verification node business generated approximately US$121 million in revenue, accounting for 97%; as of the end of the fiscal year, it held 5.9018 million ETH and 211 BTC (the cost of ETH was approximately US$19.948 billion, and the fair value at the end of the period was approximately US$14.559 billion). According to its latest disclosure on November 9, the company’s ETH holdings have further increased to 6.0701 million coins (accounting for approximately 4.97% of the entire network supply), of which 5.227 million coins are already in pledge status.

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