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Technology
Tom Lee: Bitmine Nears 5% Ethereum Target, Teases Next Moves
✍️ newsable.asianetnews.com
🗓 26 Sep 2026, 09:16 PM
👁 10
Crypto analyst Tom Lee announced that Bitmine is close to achieving a 5% share of Ethereum mining, and he hinted at upcoming developments.
Crypto analyst Tom Lee made the announcement during a recent industry briefing, stating that Bitmine is approaching its goal of securing a 5% share of the Ethereum mining market.
The 5% target represents a significant milestone for Bitmine, which has been expanding its mining capacity across multiple data centers in the United States and Europe.
Lee added that the company is preparing for the next phase of its growth strategy, though he did not disclose specific details.
Analysts suggest that Bitmine’s progress could influence market dynamics as Ethereum continues to transition to a proof‑of‑stake consensus mechanism.
The 5% target represents a significant milestone for Bitmine, which has been expanding its mining capacity across multiple data centers in the United States and Europe.
Lee added that the company is preparing for the next phase of its growth strategy, though he did not disclose specific details.
Analysts suggest that Bitmine’s progress could influence market dynamics as Ethereum continues to transition to a proof‑of‑stake consensus mechanism.