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BitMine predicts 10x on MrBeast investment, targets $400M ETH yield
Yahoo Finance· 2026-01-16 15:39
Core Viewpoint - BitMine anticipates generating over $400 million in annual income from staking its $13 billion Ether treasury [1] Group 1: Financial Expectations - The company expects significant revenue from its Ether treasury, projecting over $400 million annually [1] - The Ether treasury is valued at $13 billion, indicating a substantial asset base for the company [1] Group 2: Strategic Investments - BitMine has made a $200 million investment in YouTuber MrBeast, which the chairman described as a "no-brainer" moonshot [1]
BitMine Staked ETH Now Hits 1.5M, Major Vote to Decide Company’s Ethereum Policy
Yahoo Finance· 2026-01-14 13:10
Core Insights - BitMine has increased its staked Ethereum to a total of 1,530,784 ETH, valued at approximately $5.13 billion [1] - The company now controls about 4% of all ETH staked on the Beacon Chain, making it the largest known corporate Ethereum staker globally [2] - BitMine holds over 4 million ETH in total, with roughly 37% of its Ether balance staked [2] Financial Position - As of January 12, BitMine reported holdings of 4,167,768 ETH, 192 Bitcoin, nearly $1 billion in cash, and a $23 million equity stake in Eightco Holdings [2] - The company has the flexibility to continue acquiring and staking ETH without immediate funding pressure [3] Market Context - Ethereum's validator entry queue has surged to 2.3 million ETH, indicating increased competition for validator slots [3] - ETH has recently turned bullish, gaining about 7% and briefly breaking the $3,300 price mark [3] Corporate Governance - On January 15, shareholders will vote on a proposal to raise BitMine's authorized share count from 500 million to 50 billion [4] - If the proposal fails, BitMine may lose the ability to issue new equity for ETH purchases, limiting future growth [4][5] - BitMine appointed Young Kim as Chief Financial Officer, Chief Operating Officer, and board member ahead of the vote [5] Future Plans - Management is expected to outline post-vote plans at the annual meeting in Las Vegas, including updates on its Made in America Validator Network and potential open-market ETH purchases [6]
HashStaking Expands 24/7 Support Infrastructure Following Recent Increase in User Sign-Ups
Globenewswire· 2025-12-14 18:04
Redwood City, USA, Dec. 14, 2025 (GLOBE NEWSWIRE) --  HashStaking announced today that it has expanded its 24/7 support infrastructure in response to a recent rise in user sign-ups and increased platform activity. The move reflects the company’s focus on operational readiness and service continuity as participation across its staking ecosystem continues to grow. The expansion includes additional staffing, internal process upgrades, and system-level enhancements designed to improve response times and issue- ...