Home
News
Details

Bitmine Stakes 74,880 ETH Worth $219M, Potential Annual Yield Could Reach $371M

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$2,929.34-0.13%
Bitmine has staked 74,880 ETH, valued at $219 million, into Ethereum’s PoS staking network. The move marks its first staking operation. If Bitmine stakes its full 4.066 million ETH, the potential annual yield could reach 126,800 ETH. At $2,927 per ETH, this staking activity could generate up to $371 million in yearly returns.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.