Bitmine Says Ethereum Staking Generated 98% of Quarterly Revenue

The post Bitmine Says Ethereum Staking Generated 98% of Quarterly Revenue appeared first on Coinpedia Fintech News Bitmine Immersion Technologies reported $45.7 million in Ethereum staking and validation revenue for the quarter ended May 31, accounting for 98% of total revenue, according to its latest 10-Q filing.

The company generated about $2 million in revenue a year earlier, mainly from machine leasing. Bitmine said its institutional Ethereum staking platform, MAVAN, has staked …