Bitmine's staking revenue from Ethereum reached $45.7 million last quarter, accounting for 98% of the total.

AiCoin2026/07/15 01:36

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The latest 10-Q filing from Bitmine Immersion Technologies shows that, in the three months ending May 31, Bitmine generated $45.7 million in Ethereum staking and validator revenue, accounting for 98% of total income—higher than the $624,000 earned from self-mined Bitcoin and $168,000 from consulting services. On Monday, Bitmine stated that it has staked 85% of its ETH holdings, approximately 4.9 million ETH. Bitmine Chairman Tom Lee noted that Bitmine's staked ETH exceeds all other entities globally, and if all their ETH is staked via MAVAN and staking partners, the annualized ETH staking rewards are expected to reach $284 million. (Cointelegraph)

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