Source: BeInCrypto ↗
BitMine Will Soon Stop Buying ETH. Here’s Where Its New Coins Come From
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What the source reports
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 to carry more weight, as The post BitMine Will Soon Stop Buying ETH. Here’s Where Its New Coins Come From appeared first ...
Read the original report on BeInCrypto ↗Live market context
SOON SOON
$0.2318
+1.58% · 24h
16 supported listings
ETH Ethereum
$1,883.61
-2.63% · 24h
23 supported listings
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
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