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According to the latest 10-Q filing from Bitmine Immersion Technologies, Bitmine's Ethereum staking and verification revenue reached $45.7 million in the three months ending May 31, accounting for 98% of total revenue, surpassing self mining Bitcoin revenue of $624000 and consulting services revenue of $168000. Bitmine announced on Monday that it has pledged 85% of its ETH holdings, approximately 4.9 million ETH. Bitmine Chairman Tom Lee stated that the amount of ETH pledged by Bitmine exceeds that of other entities worldwide. If all of its ETH is pledged through MAVAN and staking partners, the estimated annualized ETH staking reward could reach $284 million. (Cointelegraph)