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Bitmine’s Ethereum staking revenue in the previous quarter reached $45.70 million, accounting for 98% of total revenue.

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ME News, July 15 (UTC+8): Bitmine Immersion Technologies’ latest 10-Q filing shows that for the three months ended May 31, its Ethereum staking and validation revenue totaled $45.7 million, accounting for 98% of total revenue—higher than its self-mined Bitcoin revenue of $624k and consulting services revenue of $168k. On Monday, Bitmine said it has staked 85% of its ETH holdings, about 4.9 million ETH. Bitmine chairman Tom Lee said the amount of ETH staked by Bitmine exceeds that of all other entities worldwide; if its ETH is fully staked through MAVAN and its staking partners, the company expects annualized ETH staking rewards of up to $284 million. (Cointelegraph). (Source: ODAILY)
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