Bitmine says its quarterly revenue is overwhelmingly driven by Ethereum staking. The company reports earning about $45.7 million from Ethereum staking during the quarter, representing roughly 98% of its total revenue. Cointelegraph similarly states Bitmine generated approximately $46 million from Ethereum staking last quarter and notes the share of revenue tied to staking increased as the firm’s pivot away from Bitcoin mining gains momentum. The outlet links this shift to Bitmine’s March validator launch, which supports its staking operations. The Block and Yahoo Finance both describe the same core figures: Ethereum staking revenue of about $45.7 million and a 98% contribution to quarterly revenue. Collectively, the sources indicate Bitmine is expanding its staking-related business (including its MAVAN expansion, as referenced by The Block), and that staking revenue is currently the dominant component of the company’s quarterly financial results.