$BMNR ETH Staking Position Surpasses 6M as Annualized Revenue Reaches ~$400M

BitMine’s $ETH staking operation has scaled dramatically over the past year.
As of October 11, $BMNR had more than 5 million ETH staked, compared with just 0.41 million ETH last December.
The position has since reportedly climbed to roughly 6.03 million ETH.
Staking revenue has expanded alongside the asset base.
Annualized staking revenue is now running at approximately $400 million, up from around $34 million when the staking program was much smaller.
That represents more than a tenfold increase in annualized staking income.
The strategy gives $BMNR a recurring yield stream on top of its exposure to the underlying price of $ETH.
As the staking balance grows, the company becomes increasingly sensitive not only to Ethereum prices but also to network staking yields and validator economics.
The key question is how much incremental ETH BitMine continues to deploy and whether staking income can become a meaningful recurring component of its broader treasury strategy.