BitMine's net profit comes from unrealized gains in ETH, announcing dividends to create shareholder value.

BitMine announced its full-year performance for the year ending August 31, 2025. The annual net profit is $328 million, with a fully diluted earnings per share of (EPS) at $13.39, and it announced an annual dividend of $0.01 per share. However, the key point that led to the turnaround from profit to loss for the year was the “unrealized gains on digital assets”; the market reversal has now caused a $2.2 billion paper loss. Chairman Tom Lee remains confident, stating that a V-shaped rebound will appear soon!

BitMine EPS up to 13.39 dollars, from unrealized gains in digital assets!

Led by renowned Wall Street strategist and co-founder of financial research firm Fundstrat, Tom Lee, the Ethereum reserve company BitMine announced its fourth quarter and full year results for the period ending August 31, 2025. The full year net profit was $328 million, with a fully diluted earnings per share of (EPS) at $13.39, and announced an annual dividend of $0.01 per share.

However, a closer look at its financial report reveals that although BitMine maintains its mining management business and continues to generate income from its main operations, the key point that led to a profit turnaround for the entire year still lies in the “unrealized gains on digital assets” indicated by the red box in the chart below, representing that the appreciation in the price of the Bitcoin and Ethereum it holds has brought it an impressive paper gain of up to 800 million USD.

The buying cost of Ethereum is $3,961, and it has now incurred a loss of $2.2 billion.

However, digging into the purchase cost and the market price recognized on 8/31, there is a significant difference from the current market price. If calculated at the current prices of Bitcoin at 85,700 and Ethereum at 2,800, the unrealized loss reaches 2.28 billion USD!

According to the figures revealed in the financial report, the cost of buying coins is extremely high, with the average cost of Bitcoin being $108,661 and the cost of purchasing Ether being $3,961.

Quantity Purchase Cost Purchase Cost/Each Fair Value 8/31 Recognition Price BTC 192 20,863,000 108,661 20,923,000 108,974 ETH 1,874,927 7,426,698,000 3,961 8,260,609,000 4,405

Tom Lee confidently states: A V-shaped Rebound will appear soon.

Regarding the continued weakness in Ethereum prices, Chairman Tom Lee also expressed confidence:

“Since October 10, the liquidity and functionality of the cryptocurrency market have continued to decline, leading to sustained pressure on cryptocurrency prices. October 10 was the largest single-day liquidation event in cryptocurrency history. In 2022, the liquidity shock following the FTX incident lasted for 8 weeks before it calmed down. However, similar to previous declines, cryptocurrency prices quickly rebounded. History shows that cryptocurrency prices often experience a V-shaped rebound after a prolonged decline, and we expect this decline to follow suit.”

(BitMine has incurred losses of nearly 3 billion dollars but is still increasing investment. Tom Lee: ETH has a chance to hit bottom this week )

Announce the distribution of an annual dividend of 0.01 USD

BitMine has announced that it will distribute a dividend of $0.01 per share on December 29, which is the company's latest attempt to enhance shareholder value through traditional equity operations. BitMine is the first large cryptocurrency company to announce the distribution of an annual dividend, unlike Bitcoin reserve strategy pioneer MicroStrategy (, which has never issued ordinary share dividends. BitMine emphasizes that this reflects the company's commitment to creating shareholder value.

The MAVAN self-verification network will be launched in the first quarter of 2026.

BMNR Staking Solution MAVAN ) Made in America validator network ( will be launched in Q1 2026. BitMine has selected three top staking service providers for a pilot project aimed at testing their various functionalities while advancing and expanding its self-developed dedicated staking infrastructure.

BitMine will hold its annual shareholders meeting on January 15, 2026, at the Wynn Hotel in Las Vegas.

This article discusses BitMine's net profit coming from unrealized gains in ETH, announcing dividends to create shareholder value, first appearing in Chain News ABMedia.