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BitMine Plans to Stop Purchasing Ethereum and Shift to Staking Revenue

November 11, 2026, 3:04 PM UTC (4 hours ago) · 1 source · Summarized by CryptoBipto

BitMine has announced plans to stop buying Ethereum and instead generate new coins through staking. The company appears to be shifting its strategy amid reported net losses, looking to staking as a revenue source rather than direct market purchases.

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SOURCES

beincrypto.com

ETHEthereum StakingCorporate StrategyCrypto MiningRevenue Models