# Bitmine generated $46M from Ethereum staking last quarter MAVAN institutional staking platform drives massive revenue growth. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/7a56e901-a295-4edc-add9-4cb9c1596717 ## Staking Revenue Boom Bitmine recorded $45.7M in revenue from its MAVAN Ethereum staking platform launched in March. This accounted for 98% of total revenue, far surpassing Bitcoin mining and consulting income. ## ETH Staking Volume The company staked 85% of its ETH holdings (approximately 4.9M ETH), becoming one of the largest ETH stakers globally. At full capacity, annualized rewards could reach $284M. ## Revenue Mix Transformation Bitmine's pivot from machine leasing to Ethereum staking has radically reshaped its business model. Revenue grew from $2M to $46M YoY, demonstrating the success of this strategic shift. ## MAVAN Platform Expansion Developed after acquiring Pier Two Holdings, MAVAN initially managed Bitmine's treasury but now serves institutional investors. The platform represents a significant move into institutional crypto services. ## Robinhood Chain Milestone Chairman Tom Lee revealed Robinhood Chain surpassed $1B in trading volume since July launch. As an Ethereum-based DEX using ETH for gas fees, it's becoming a major player in decentralized finance. ## ETH as Digital Currency With 27M Robinhood users transacting in ETH, Ethereum is gaining recognition as everyday money. This adoption milestone signals broader crypto integration into mainstream finance. ## Sources covering this story - https://cointelegraph.com/news/bitmine-generated-46m-from-ethereum-staking-last-quarter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._