BitMine gets 98% of revenue from staking as a decade-long contract complicates an early exit
BitMine generated $45.7 million from Ethereum staking last quarter, about 98% of its $46.5 million total revenue, up from $2.05 million a year earlier. It held 5.77 million ETH in mid-July with roughly 85% staked, and Tom Lee projected $284 million of annualised rewards once fully staked.
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