BitMine expects its ETH holdings to generate $400M in annual revenue, with a potential 10x return on investment in MrBeast According to CoinDesk, BitMine Chairman Thomas Lee stated at Thursday's shareholder meeting that the company, with its $13B worth of Ethereum assets, expects to generate over $400M in pre-tax annual revenue, most of which will come from staking these holdings. Lee claimed that the company “may have saved $400M” during its Ethereum purchases over the past few months. However, since it began acquiring Ethereum in July last year, the company is still facing an unrealized loss of approximately $2.3B. Additionally, Lee discussed the company’s $200M investment in YouTuber MrBeast’s Beast Industries, calling it a “no-brainer decision” and predicting a potential 10x return. He stated that MrBeast is an iconic content creator of this generation, and the partnership will help connect Ethereum with a younger audience.