BitMine's $6B Ethereum Gamble Faces Scrutiny Amid Pivot to Staking and Leadership Shakeup
BitMine Immersion Technologies is navigating a pivotal transition, seeking to transform its massive, loss-laden Ethereum holdings into a revenue-generating staking network called MAVAN. The strategy shift unfolds against a backdrop of intense industry scrutiny, public criticism of its treasury management, and the recent departure of its president.