Bitmine expects $334 million annual revenue from staking 5.06 million ETH

  • Bitmine is expected to generate revenue by staking more than 5.06 million ETH.
  • $334 million is the projected annual revenue at current yields.
  • Bitmine added 27,180 ETH last week, bringing crypto and cash holdings to $15.8 billion.

Bitmine is expected to generate about $334 million in annual revenue at current yields by staking more than 5.06 million ETH, or roughly 85% of its 5.95 million ETH holdings. Staking, which involves committing crypto to support network operations in exchange for rewards, would provide the projected revenue stream. Bitmine bought another 27,180 ETH last week, taking the value of its combined crypto and cash holdings to about $15.8 billion, Cointelegraph reported.

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