BitMine Immersion is currently grappling with a substantial loss amounting to $4 billion stemming from its investments in Ethereum. This dramatic downturn has caught the attention of analysts, who are cautioning that there are deeper structural issues within the market that could exacerbate the situation. These concerns suggest that the challenges facing BitMine Immersion are not merely a result of external market volatility but may also be indicative of fundamental problems that could affect the broader cryptocurrency landscape.
source: https://www.coindesk.com/business/2025/11/21/bitmine-immersion-sitting-on-usd4b-unrealized-loss-on-ether-bet-as-analyst-warns-of-structural-issues