BitMine says Ethereum staking generated 98% of quarterly revenue as total sales hit $45.7 million
BitMine says Ethereum staking drove 98% of quarterly revenue BitMine Immersion Technologies reported $45.7 million in revenue from Ethereum staking and validator services for the quarter ended May 31, or 98% of its total, versus $624,000 from Bitcoin mining and $168,000 from consulting. Total revenue rose more than 22-fold from $2 million a year earlier, as its MAVAN institutional staking platform scaled after the Pier Two Holdings acquisition.