MAVAN will be the largest Ethereum staking service provider globally and will provide staking services for other proof-of-stake chains and blockchain infrastructure services
Bitmine has 3,142,643 staked ETH, representing $6.8 billion at $2,148 per ETH
Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH
NORWALK, Conn., March 25, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company focused on long-term crypto accumulation, today announced the official launch of MAVAN (Made in America VAlidator Network), its institutional-grade Ethereum staking platform.
MAVAN is designed to be a premier Ethereum staking destination for institutions, prioritizing security, performance, and resilience. The platform pairs U.S.-based infrastructure—meeting domestic validation requirements—with a flexible, globally distributed architecture to support clients worldwide. Initially built to manage Bitmine’s own Ethereum treasury, MAVAN will expand to serve institutional investors, custodians, exchanges, and ecosystem partners seeking enterprise-grade staking infrastructure.
“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally,” said Tom Lee, Chairman of Bitmine. “Because Bitmine is the largest owner of Ethereum in the world, shortly after launch, MAVAN will be the largest Ethereum staking platform in the world. We plan to expand across additional proof-of-stake networks and critical blockchain infrastructure over time, and through 2026, we’ll grow our efforts in areas such as on-chain vaults, post-quantum client development, and more.”
As of 5:00 PM ET on March 24, 2026, Bitmine’s total staked ETH stands at 3,142,643 (valued at $6.8 billion at $2,148 per ETH via Coinbase). Bitmine has staked more ETH than any other entity. Once Bitmine’s ETH is fully staked through MAVAN in the coming weeks, ETH staking rewards are expected to approach $300 million annually (using a 2.83% 7-day BMNR yield).
In the past week, Bitmine staked 101,776 ETH (approximately $219 million) to MAVAN and intends to continue scaling, aiming to stake nearly all remaining unstaked ETH.
Institutions interested in staking Ethereum on MAVAN or partners seeking to offer MAVAN staking to their customers can contact [email protected].
The Chairman’s message: https://www.Bitminetech.io/chairmans-message
Fiscal Full Year 2025 Earnings and corporate presentation: https://Bitminetech.io/investor-relations/
Stay informed: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner deploying excess capital to become the leading Ethereum treasury company. The Company focuses on ETH as a primary treasury reserve asset and engages in protocol-level activities including staking and decentralized finance. Bitmine recently launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure.
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Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements about MAVAN’s launch, expected growth, anticipated position as the largest Ethereum staking platform, expansion across proof-of-stake networks, expectations regarding staking rewards and yields, timing for staking remaining ETH, and the Company’s ETH acquisition and staking goals. Actual results may differ materially due to risks including Bitmine’s ability to operate and scale MAVAN, attract institutional clients and partners, compete in the staking services market, keep pace with technology and market changes, finance current and proposed operations, and the future values of Bitcoin and Ethereum. See the Risk Factors in Bitmine’s Form 10-K filed with the SEC on November 21, 2025, and other SEC filings for additional information. Copies of Bitmine’s SEC filings are available at www.sec.gov. Bitmine undertakes no obligation to update these statements except as required by law.