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Bitmine Immersion posts $10.2M staking revenue with 97% margin, outpacing legacy Bitcoin mining.

Market News
18 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Bitmine Immersion generated $10.2 million in staking revenue in the latest quarter with minimal costs, achieving a gross margin above 97%. In contrast, its traditional Bitcoin mining business showed weak margins, earning $1.51 million in revenue against $1.44 million in costs. The company holds 4.875 million ETH, about 4.04% of the supply, producing $212 million in annualized revenue from staking 3.3 million tokens. Despite raising $10.06 billion through equity issuance, Bitmine faces pressure on per-share value due to a doubling of shares and negative operating cash flow of $316.5 million. The shift to Ethereum staking is seen as a key growth driver and a strategic pivot for the company.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Bitcoin could drop to $38,000 by October if 2025-26 downturn mirrors 2022 bear market, says NYDIG.

Bitcoin could drop to $38,000 by October if 2025-26 downturn mirrors 2022 bear market, says NYDIG.

NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...

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4 hours ago
PepsiCo rated strong buy with 13.7-18.2% growth forecast, driven by dividends, EPS, and undervaluation.

PepsiCo rated strong buy with 13.7-18.2% growth forecast, driven by dividends, EPS, and undervaluation.

PepsiCo is rated a strong buy due to its attractive combination of dividend yield, earnings growth, and undervaluation. The company is projected to achieve a forward compound annual growth rate (CAGR) between 13.7% and 18.2%, supported by dividend in...

Analyst Insights
Bullish
4 hours ago
XRP Ledger surpasses 8M activated accounts amid rising institutional and AI adoption

XRP Ledger surpasses 8M activated accounts amid rising institutional and AI adoption

The XRP Ledger (XRPL) has exceeded 8 million activated accounts, marking significant growth driven by institutional interest and AI integration. Originally built for fast cross-border payments, XRPL now supports tokenization of real-world assets, dec...

Protocol Fundamentals
Bullish
4 hours ago
Ora Banda Mining mencatat rekor produksi emas kuartalan, mengakhiri tahun fiskal 2026 dengan arus kas yang kuat dan basis sumber daya yang lebih besar.

Ora Banda Mining mencatat rekor produksi emas kuartalan, mengakhiri tahun fiskal 2026 dengan arus kas yang kuat dan basis sumber daya yang lebih besar.

Ora Banda Mining Ltd (ASX:OBM) melaporkan rekor produksi emas pada kuartal Juni 2026, mencapai 39.552 ounce, sehingga total produksi setahun penuh menjadi 140.949 ounce. Perusahaan mengakhiri Juni dengan kas A$267,7 juta dan total likuiditas A$468 ju...

Company Fundamentals
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4 hours ago
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