BitMine Faces $3.7 Billion Loss as Ethereum Crash Hits Reserves
TLDR BitMine Immersion Technologies faces an unrealized $3. 7 billion loss on its Ethereum holdings due to the recent price crash. The company holds 3. 56 million Ethereum coins purchased at an average price of $4,051, far above the current market value. Ethereum’s value dropped 8% in the last 24 hours, further intensifying the financial pressures on [.] The post BitMine Faces $3. 7 Billion Loss as Ethereum Crash Hits Reserves appeared first on CoinCentral.