BitMine Immersion Technologies Simplifies Ethereum Staking Operations, Boosts Holdings

BitMine Immersion Technologies (BMNR) has made significant moves in its Ethereum staking operations. The company announced that its subsidiary, One, terminated a long-term management services agreement with Ethereum Tower on September 3-4, 2026. This change simplifies fees to a 1.50% charge on staking rewards and avoids material early-termination penalties.

BitMine also reported total holdings of $15.7 billion as of September 8, 2026, including 5.93 million ETH tokens representing 4.9% of the total ETH supply and 5.07 million ETH already staked via MAVAN. The company highlighted projected annualized staking revenues of roughly $330 million.

BitMine's growing influence in crypto markets and institutional staking was underscored by its status as the largest Ethereum treasury globally and its addition to the Russell 1000 index.