BitMine Revenue 98% From Staking, 10-Year Tower Contract Complicates Exit
2026-07-22 04:35

Woofun AI reports that BitMine generates 98% of its revenue through staking activities, a structure heavily influenced by a decade-long agreement with Tower. Under this contract, Tower retains an irrevocable 2% interest and monthly revenue participation from BitMine’s native staking operations, though specific allocation details remain redacted. The agreement allows BitMine to terminate for convenience with 180 days' prior written notice, but early exit triggers significant financial obligations for Tower. If terminated without cause, Tower may elect to continue receiving revenue participation for the remaining term or claim a lump sum equal to 85% of its highest monthly fee multiplied by the months remaining. This structure ensures Tower’s 2% interest persists even if management services cease, tying BitMine’s ETH strategy to long-term third-party obligations that outlast potential separations.

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Tags:
ETH
BitMine
Tower
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