BUSINESSCOINTELEGRAPH
Bitmine generated $46M from Ethereum staking last quarter
Bitmine generated $46 million in revenue from Ethereum staking last quarter, which accounted for 98% of its total revenue. The company shifted focus from Bitcoin mining as its March validator launch accelerated this transition.
Related Signal
Adjacent reporting
- BitMine Buys $49 Million in Ethereum as Tom Lee Hails Early Robinhood Chain Demand
- TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1
- HIVE reports 158% jump in annual revenue to $298 million as bitcoin holdings fall to 150 BTC
- MARA Q1 revenue drops 18%, says bitcoin mining remains ‘operational foundation’
- Bitcoin miner MARA sold $1.5 billion of bitcoin as it shifts toward AI infrastructure
- Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining