Morning Edition · Wednesday, July 22, 2026Published at 1:32 AM EDT · New York

BitMine Draws 98 Percent of Revenue From Staking, Locked by a Decade-Long Contract

A single long-term arrangement complicates any early exit, concentrating the treasury vehicle's income in one Ethereum staking relationship.

BitMine, an Ethereum-focused treasury company, derives 98 percent of its revenue from staking, with the arrangement governed by a decade-long contract that makes an early exit difficult. Under the terms, the counterparty can retain a 2 perc…