[Bitmine's Ethereum Staking Revenue Reached $45.7 Million Last Quarter, Accounting for 98% of Total Revenue] Odaily Planet Daily News: Bitmine Immersion Technologies' latest 10-Q filing shows that in the three months ending May 31, its Ethereum staking and validation revenue reached $45.7 million, accounting for 98% of total revenue. This is significantly higher than its self-mined Bitcoin revenue of $624,000 and consulting service revenue of $168,000. On Monday, Bitmine stated that it has staked 85% of its ETH holdings, approximately 4.9 million ETH. Bitmine Chairman Tom Lee noted that the amount of ETH staked by Bitmine exceeds that of any other entity globally. If all its ETH is staked through MAVAN and staking partners, the annualized staking rewards for ETH are expected to reach $284 million. (Cointelegraph).