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BitMine chairman and co-founder of Fundstrat, Tom Lee, stated at the latest BitMine shareholders' meeting that Ethereum is at the core of a new round of financial infrastructure transformation and 2026 may be the key year for Ethereum to fully break out. Tom Lee pointed out that Ethereum reached a historical high in the ETH/BTC exchange rate in 2021, and with the tokenization of real assets and the accelerated adoption of mainstream financial institutions and users, this ratio is expected to surpass its previous high in 2026. Standard Chartered Bank also views 2026 as the "Year of Ethereum" and predicts a price of $12,000 for Ethereum. In this context, Tom Lee emphasized that BitMine's business model will directly benefit from the rise in Ethereum's price. Based on historical correlations, if the price of ETH reaches $12,000, the theoretical price of BitMine (BMNR) shares would be around $500. In addition, BitMine will also generate substantial cash flow from Ethereum staking rewards and ample cash reserves. The company currently holds around 4.2 million ETH and approximately $1 billion in cash. Under current conditions, it is expected to generate pre-tax revenue of $402-433 million; if the price of ETH rises to $12,000 and the company controls about 5% of the Ethereum supply, the pre-tax revenue scale is expected to expand to $2-2.2 billion.