Woofun AI data shows that Bitmine Immersion Technologies generated $45.7 million from Ethereum staking and validation during the quarter ending May 31, representing 98% of its total revenue. This figure significantly exceeds $624,000 from self-mined Bitcoin and $168,000 from consulting services.

The company confirmed it has staked 85% of its ETH holdings, totaling approximately 4.9 million ETH. Chairman Tom Lee stated that Bitmine holds the largest global ETH stake among entities. Full staking via MAVAN and partners is projected to yield $284 million in annualized rewards.