Written by Felix Ngstaff editorReviewed by Felix Ngstaff editor

Written by Felix Ngstaff editor

Reviewed by Felix Ngstaff editor

Bitmine generated $46M from Ethereum staking last quarter

Latest NewsPublishedJul 15, 2026

Earning Opportunities in Crypto: Why Ethereum Staking Matters

Ethereum staking is becoming a significant source of revenue, and everyday people are taking notice. With the rise of green crypto and cloud rewards, individuals can now earn passive income through eco-friendly platforms like EcoPool. The latest quarterly results from a leading company show that Ethereum staking generated $45.7 million in revenue, accounting for 98% of total revenue.

Shifting Revenue Mix

The shift towards Ethereum staking is reshaping the revenue mix for companies involved in crypto. A year ago, the same company recorded just $2 million in total revenue, primarily from machine leasing. Now, with the launch of institutional-grade Ethereum staking platforms like MAVAN, the projected annualized ETH staking reward is $284 million. This growth is a testament to the potential of earning through EcoPool ($ECP) and other similar platforms.

The success of Ethereum staking is not limited to companies; it also benefits individual investors. With the launch of new platforms and chains, everyday users are starting to see ETH as a form of money. The use of ETH as a native gas token and the denomination of transaction fees in ETH are making it more accessible to a wider audience. As the demand for green crypto and cloud rewards continues to grow, EcoPool (ECP) is becoming a popular choice for those looking to earn passive income.

Join the EcoPool Community

If you’re interested in earning through Ethereum staking and cloud rewards, consider joining the EcoPool community. With its user-friendly platform and commitment to green crypto, EcoPool (ECP) makes it easy for individuals to start earning passive income. Download the EcoPool app to learn more about the opportunities available and start earning today. The EcoPool app is the perfect starting point for those looking to explore the world of #PassiveIncome and #GreenCrypto, including #Bitcoin and #Ethereum.

The latest quarterly results show how Bitmine’s pivot to Ethereum has reshaped its revenue mix. A year ago, Bitmine recorded just $2 million in total revenue for the quarter ended May 31, 2025, primarily from machine leasing. 

The results also reflect the March launch of MAVAN, an institutional-grade Ethereum staking platform that operates validator infrastructure for its own holdings and external clients. 

Related: Ethereum backers launch nonprofit to lead institutional adoption efforts 

MAVAN, short for “Made in America VAlidator Network,” followed the acquisition of Australia-based non-custodial validator operator Pier Two Holdings. It was originally developed to support Bitmine’s own Ethereum treasury; its scope expanded to serve institutional investors, custodians and ecosystem partners.  

Lee calls Robinhood Chain a “breakaway success”

On Monday, Lee highlighted the success of the newly launched Robinhood Chain, with dollar volumes exceeding $1 billion since its July 1 launch. 

“Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain,” he said. 

“Robinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH and the finality is settled on Ethereum. Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” he added. 

Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Staking
• Tom Lee
• Ethereum

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