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

Your call?🐂 Bullish🐻 Bearish

$ETH

$2,060

+0.2%

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…