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BitMine earns $45.7M from ETH staking as revenue jumps 22-fold
BitMine earned $45.7M from ETH staking, 98% of quarterly revenue, while 4.9M staked ETH supports a projected $284M annual reward rate.
crypto.news
Ethereum Foundation Spinout EthSystems Targets Banks
EthSystems has officially launched as a commercial engineering firm focused on improving privacy for institutional Ethereum users. The company emerged from the Ethereum Foundation’s Institutional Privacy Task Force and aims to help banks, asset managers, and regulated firms trans...
CoinCryptoNews
Bitmine (BTMN) Stock Rockets 22x on Ethereum Staking — Despite $9.1B Non-Cash Loss
Bitmine (BTMN) stock rises as Q3 revenue reaches $46.5M, up 22x YoY from Ethereum staking. A $9.1B non-cash loss reflects ETH price swings, not operations. The post Bitmine (BTMN) Stock Rockets 22x on Ethereum Staking — Despite $9.1B Non-Cash Loss appeared first on Blockonomi.
Blockonomi
Bitmine Earns $46M in Ethereum Staking Revenue This Quarter
Bitmine Immersion Technologies says its Ethereum staking operation is now the dominant driver of its business, with $45.7 million in revenue generated from Ether staking and validation in the most recent quarter. The figure underscores how the company’s earlier focus has shifted ...
CryptoBreaking
Bitmine Expands Ethereum Treasury to 5.77 Million ETH as 5% Target Nears
What to Know Bitmine increased its Ethereum treasury to 5.77 million ETH, giving it control of about 4.8% of the cryptocurrency’s circulating supply. More than 4.92 million ETH is staked, with projected annual staking revenue expected to reach about $284 million at full scale. Ac...
36Crypto
Tom Lee Projects Bullish $5 Trillion Ether Value Amid Retail Debacle
Fundstrat Capital’s co-founder, Tom Lee, flagged multiple bullish metrics for Ethereum (ETH) as analysts expect upward movements in the coming months.
ZYCrypto
Bitmine’s Tom Lee Sees Ethereum Reaching $5 Trillion Value
Tom Lee said Ethereum is significantly undervalued relative to its long-term role in tokenized finance and digital markets. He argued Ethereum could achieve a network valuation between $1 trillion and $5 trillion over the next few years. Lee said tokenization, stablecoins, instit...
Crypto Front News
Tom Lee unveils Robinhood Chain as Bitmine buys 27,801 Ethereum
Bitmine has expanded its Ethereum treasury by another 27,801 ETH, lifting its holdings above 5.77 million ETH, while Chairman Tom Lee has identified the Robinhood Chain as a fresh driver of Ethereum adoption. According to a press release from Bitmine,…
crypto.news
Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply
The company expanded its ETH treasury while Chairman Tom Lee pointed to Robinhood Chain's rapid growth on Ethereum.
CoinDesk
BitMine Buys 27,801 ETH As Holdings Reach 5.77M
BitMine Immersion Technologies acquired 27,801 ETH over the past week, lifting its total holdings to 5,770,038 ETH as of July 12. The position represents about 4.8% of Ethereum’s 120.7 million circulating supply, placing the company 96% of the way toward its stated goal of contro...
Crypto Adventure
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