Skip to content
EthereumSourced news summary

BitMine Will Soon Stop Buying ETH. Here’s Where Its New Coins Come From

Source: BeInCrypto ·
Sign in to save

Follow this story's subjects

Create a free account to follow these subjects — build a personalised feed, watchlists and in-site alerts for the companies, coins and topics you care about.

Illustrative image: Fintech Headlines
BitMine posted a $6.3 billion net loss for the year to August 31, according to its annual report. Unrealized drops in the value of its Ethereum (ETH) holdings drove nearly all of it. Yet staking brought in about 97% of BitMine’s revenue over the same period. That income now has…
— Excerpt from BeInCrypto
Read the full story at BeInCrypto

This is a curated link to third-party reporting. The headline and short excerpt are reproduced from BeInCrypto with attribution; the original article, its text and images belong to the publisher. Fintech Headlines did not write or verify this report. See our Editorial Policy.

Spotted an error? Report a correction.