BitMine’s Ethereum staking business is highly dependent on the third-party operator Ethereum Tower. The two parties signed a 10-year management agreement; if BitMine terminates the cooperation early without default by the operator, Ethereum Tower may choose to continue receiving a revenue share for the remaining term or receive a one-time compensation based on the contract formula. Since about 98.3% of BitMine’s quarterly revenue comes from staking and validation, the agreement may increase the company’s cost of changing operators and affect its business adjustment flexibility. (CryptoSlate)

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AlphaHomoraWarrior
· 7h ago
This protocol is brutal—it's tied down for ten years, and the cost to replace people is outrageously high.
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ScriptMonkey
· 7h ago
A ten-year agreement that also includes a clause about continuing to split profits after termination—doesn’t that essentially make it so people are reluctant to switch suppliers? For projects that rely on a single operator, the liquidity risk is too high. Investors need to weigh it carefully.
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GalxeGrinder
· 7h ago
98% of its revenue comes from staking, yet it still dares to sign such an unfair, one-sided “tyrannical” clause—if something goes wrong with Ethereum Tower, won’t BitMine be directly paralyzed?
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