BitMine made $46 million staking Ethereum then lost twice that betting on it

BitMine's push to turn one of the world's largest corporate Ethereum holdings into a source of recurring income generated nearly $46 million from staking last quarter. Yet a $92.1 million options loss overwhelmed those gains, while rising treasury costs and aggressive share issuance further weakened the economics for existing shareholders. For the fiscal third quarter […] The post BitMine made $46 million staking Ethereum then lost twice that betting on it appeared first on CryptoSlate.