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

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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 ...