Bitmain Anticipates $334 Million Annual Revenue from ETH Staking

Bitmain anticipates generating an annual revenue of approximately $334 million from staking more than 5.06 million ETH, according to CoinTelegraph. This represents roughly 85% of its total ETH holdings of 5.95 million tokens. Bitmain recently purchased an additional 27,180 ETH last week, bringing its total cryptocurrency and cash assets to approximately $1.58 billion.