BUSINESSTHE BLOCK
Bitmine says ETH staking generated $45.7 million, accounting for 98% of quarterly revenue
Bitmine generated $45.7 million from Ethereum staking, which accounted for 98% of its quarterly revenue. The company also expanded its MAVAN operations during the period.
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Adjacent reporting
- Bitmine generated $46M from Ethereum staking last quarter
- BitMine Buys $49 Million in Ethereum as Tom Lee Hails Early Robinhood Chain Demand
- HIVE reports 158% jump in annual revenue to $298 million as bitcoin holdings fall to 150 BTC
- TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1
- TON Strategy’s May staking haul tops 3.3 million TON as network upgrades take effect
- MARA Q1 revenue drops 18%, says bitcoin mining remains ‘operational foundation’