🚨 Ethereum Staking Fuels 98% of Bitmine’s Quarterly Revenue
📊 Alpha Breakdown:
Bitmine Immersion Technologies reported $46.5 million in Q2 revenue, with Ethereum staking contributing $45.7 million (98%). The firm holds 5.42 million ETH and 203 BTC, valued at $10.9 billion, and sits on $340.3 million cash. Despite a net loss of $82.2 million, staking revenue is projected to hit $284 million annually....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/ethereum-staking-fuels-98-of-bitmine-s-quarterly-revenue
#cryptonews #cryptocurrency #bitcoinnews
📊 Alpha Breakdown:
Bitmine Immersion Technologies reported $46.5 million in Q2 revenue, with Ethereum staking contributing $45.7 million (98%). The firm holds 5.42 million ETH and 203 BTC, valued at $10.9 billion, and sits on $340.3 million cash. Despite a net loss of $82.2 million, staking revenue is projected to hit $284 million annually....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/ethereum-staking-fuels-98-of-bitmine-s-quarterly-revenue
#cryptonews #cryptocurrency #bitcoinnews