Bitmine pledged income of $45.7 million from ETH in the last quarter, or 98 per cent of total income

On 15 July, Cointelegraph reported that, according to Bitmine ' s latest submission of 10-Q documents, Bitmine had realized $45.7 million in ETH pledge and certification revenue, representing 98 per cent of the company ' s total revenue, over the quarter to 31 May. The total income of Bitmine for the same period was only $2 million a year ago, mainly from machine leasing. In March, Bitmine launched an institutional-level Taifung pledge platform, Mavan, which has pledged 85 per cent of its ETH holdout (approximately 4.9 million ETH). The Chairman of the Board, Tom Lee, stated that, when ETH completed the pledge entirely through MAVAN and its pledge partners, the annual proceeds of the pledge were expected to be $284 million. At the same time, Tom Lee states that Robinhod Chain has been trading over $1 billion since he went online on 1 July, using ETH as the original Gas token, that transaction fees are denominated in ETH and settled on the Ether House, and that Robinhod's 27 million users are beginning to regard ETH as “currency”。