Bitmine projects $334M annual revenue from ETH staking

Bitmine is expected to generate about $334 million in annual revenue at current yields by staking more than 5.06 million ETH it holds, Cointelegraph reported. That would cover about 85% of its total ETH holdings of 5.95 million. The company bought an additional 27,180 ETH last week, bringing its total holdings, including crypto and cash, to about $15.8 billion.