Bitmine Immersion Technologies posted $45.7 million in Ethereum staking and validation revenue for the three months ended May 31, 2026, according to the company’s latest 10-Q filing with the
Bitmine Immersion Technologies posted $45.7 million in Ethereum staking and validation revenue for the three months ended May 31, 2026, according to the company’s latest 10-Q filing with the SEC. The figure places staking at 98% of total quarterly revenue, dwarfing the $624,000 generated from self-mining Bitcoin and the $168,000 earned from consulting services.
One year earlier, Bitmine recorded just $2 million in total revenue for the equivalent quarter, primarily from machine leasing. The transformation follows the company’s deliberate pivot away from Bitcoin mining and toward building a large-scale Ethereum treasury and validator operation.
