By https://coinpedia.org/ on February 23, 2026
The post Bitmine’s $8.8B Ethereum Loss Now Worse Than FTX, Analysts Warn of ‘Structural Impairment’ appeared first on Coinpedia Fintech News Bitmine Immersion Technologies shareholders have now accumulated approximately $8.8 billion in paper losses on Ethereum, surpassing the roughly $8.0 billion FTX customers initially lost when that exchange collapsed in 2022. Crypto research firm 10x Research flagged the comparison on Monday, warning that ETH is at valuation levels where its fundamental value proposition is being “structurally …
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