Bitmine says ETH staking generated $45.7 million, accounting for 98% of quarterly revenue
The Block·
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Bitmine reports generating $45.7 million from Ethereum staking, accounting for 98% of its quarterly revenue as the company expands its MAVAN services. This significant revenue stream underscores the growing demand for staking services, with Bitmine capitalizing on the trend as Ethereum's popularity continues to surge, likely boosting the company's valuation and market presence.
Bitmine generated $45.7 million from Ethereum staking, which accounted for 98% of quarterly revenue as the company expanded MAVAN.