Tom Lee’s BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge

In brief

• BitMine posted a net loss of more than $3.8 billion during the three-month stretch ending in February.
• The firm attributes most of the losses to the unrealized or paper losses mounting from its Ethereum holdings.
• Shares of BMNR are up about 1% on Wednesday, but have slid nearly 60% in…