BitMine Posts $45.7M Staking Revenue, Net Loss of $83.6M for Quarter
BitMine generated $45.7 million from staking in the quarter, accounting for 98% of total revenue, while Bitcoin mining brought in $624,000 and consulting services $168,000. The company reported a net loss of $83.6 million.
BitMine's quarterly report reveals that staking revenues reached $45.7 million, making up 98% of the company's total revenue. Self-mining of Bitcoin contributed $624,000, and consulting services added $168,000. Despite the strong staking income, the firm posted a net loss of $83.6 million for the quarter.
Source: ForkLog