Beast Industries CEO: BitMine Is 'Leader In Ethereum Staking Market'

Benzinga02-27

Beast Industries CEO Jeff Housenbold on Thursdaycalled BitMine (NYSE:BMNR) “a leader in the Ethereum (CRYPTO: ETH) staking market” critical to stablecoin infrastructure, explaining the company’s $200 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2614207990?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2026/02/26/Los-Angeles--Ca---Mar-4--2023-Mrbeast--J.jpeg","is_english":true,"pubTime":"2026-02-27 03:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2614207990","market":"nz","top_or_hot":-1,"title":"Beast Industries CEO: BitMine Is 'Leader In Ethereum Staking Market'","media":"Benzinga","content":"<div>\n<p>Beast Industries CEO Jeff Housenbold on Thursdaycalled BitMine (NYSE:BMNR) “a leader in the Ethereum (CRYPTO: ETH) staking market” critical to stablecoin infrastructure, explaining the company’s $200 ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/02/50903983/beast-industries-ceo-bitmine-is-leader-in-ethereum-staking-market\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beast Industries CEO: BitMine Is 'Leader In Ethereum Staking Market'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeast Industries CEO: BitMine Is 'Leader In Ethereum Staking Market'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-27 03:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/02/50903983/beast-industries-ceo-bitmine-is-leader-in-ethereum-staking-market><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Beast Industries CEO Jeff Housenbold on Thursdaycalled BitMine (NYSE:BMNR) “a leader in the Ethereum (CRYPTO: ETH) staking market” critical to stablecoin infrastructure, explaining the company’s $200 ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/02/50903983/beast-industries-ceo-bitmine-is-leader-in-ethereum-staking-market\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHE","symbol_name":"最大以太坊ETF-Grayscale","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/02/50903983/beast-industries-ceo-bitmine-is-leader-in-ethereum-staking-market","article_id":"2614207990","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/02/26/Los-Angeles--Ca---Mar-4--2023-Mrbeast--J.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/cryptocurrency/26/02/50903983/beast-industries-ceo-bitmine-is-leader-in-ethereum-staking-market","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614207990","pubTimestamp":1772132606,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Beast Industries CEO Jeff Housenbold on Thursdaycalled BitMine (NYSE:BMNR) “a leader in the Ethereum ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHE":"最大以太坊ETF-Grayscale","ETHT":"ProShares Ultra Ether ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","ETHW":"以太坊ETF-Bitwise","ETCO":"Grayscale Ethereum Covered Call ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","ETHI":"Defiance Leveraged Long Income Ethereum ETF","BK4601":"加密货币现货ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","SETH":"1倍做空以太币期货ETF-Proshares","BTF":"比特币&以太币期货ETF-CoinShares","ETHD":"ProShares UltraShort Ether ETF","BMNR":"BitMine Immersion Technologies Inc.","ETH":"低成本以太坊ETF-Grayscale"},"translate_title":"Beast Industries首席执行官：BitMine是“以太币质押市场的领导者”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHT":0.6,"ETQ":0.6,"ETCO":0.6,"SETH":0.6,"ETH":1.91,"ETU":0.6,"ETHI":0.6,"ETHW":0.6,"BTF":0.6,"ETHD":0.6,"ETHE":0.6,"YETH":0.6,"BMNR":1.95},"content_text":"Beast Industries CEO Jeff Housenbold on Thursdaycalled BitMine (NYSE:BMNR) “a leader in the Ethereum (CRYPTO: ETH) staking market” critical to stablecoin infrastructure, explaining the company’s $200 million investment.The Beast Industries ConnectionBeast Industries, backed by MrBeast’s media empire with 1.45 billion users, invested $200 million in BitMine earlier this year.  Housenbold pointed out the strategic rationale on CNBC’s Squawk Box on Thursday, saying, “Ethereum is the backbone of stablecoin and the blockchain,” he added.He emphasized the importance of the DeFi movement for consumers, highlighting greater access, democratization, lower cost of capital, and the ability to move capital globally in a safe and secure way.Beast Industries is rapidly expanding beyond media into consumer products including Feastables chocolate, toy lines, protein snacks with Jack Link’s, and the Lunchly business.The company recently acquired Step, a six-year-old fintech focused on financial education for young people.The Ethereum ThesisThe investment rationale centers on Ethereum’s role as stablecoin infrastructure. BitMine owns 4,422,659 ETH valued at approximately $8.7 billion, making it the world’s largest corporate Ethereum holder.BitMine has 3,040,483 staked ETH generating $249 million in annual staking rewards at current rates. This staking dominance positions BitMine as critical infrastructure for the Ethereum network’s security and operation.The connection to Beast Industries centers on stablecoin-powered financial services. As Beast expands into fintech with the Step acquisition, Ethereum-based stablecoins provide the rails for low-cost global payments and financial services targeting Gen Z and Gen Alpha audiences.The Technical BreakdownBMNR is accelerating through critical support levels. All EMAs sit overhead: 20 EMA at $20.42, 50 EMA at $22.56, 100 EMA at $26.28, and 200 EMA at $30.69.The Supertrend at $18.84 flipped green below price, but today’s violent decline threatens this support. The stock broke below the recent consolidation zone around $21-$22, confirming sellers are in full control.Critical support at $18.84 is under immediate threat. Breaking below $18 likely cascades toward the ultimate support zone at $12-$15. Today’s 6.5% collapse represents capitulation selling with minimal support visible until that lower zone.Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2614207990","isCrawlerRequest":true}