Bitmine Immersion Technologies reported $45.7 million in Ether staking and validation revenue last quarter following the launch of its MAVAN initiative in March. According to NS3.AI, the company said staking revenue accounted for 98% of total revenue for the three months ended May 31, citing Bitmine’s latest 10-Q filing.
Tom Lee said projected ETH staking rewards would reach $284 million on an annualized basis once MAVAN and its staking partners fully stake Bitmine’s ETH holdings.
Bitmine Reports $45.7 Million in Quarterly Ether Staking Revenue After MAVAN Launch
2026-07-15 01:41:40
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