NORWALK, Conn., March 25, 2026 — Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) today announced MAVAN (Made in America VAlidator Network), an institutional-grade Ethereum staking platform built on U.S.-based infrastructure with globally distributed operations. MAVAN is designed to deliver enterprise security, high availability, and compliance-ready validation services for institutional investors, custodians, exchanges and ecosystem partners, and will initially manage Bitmine’s own Ethereum treasury.
MAVAN overview
– Purpose: Enterprise Ethereum staking with U.S. domestic validation capabilities and flexible global architecture.
– Initial use: Manage Bitmine’s ETH holdings; broaden to offer staking and blockchain infrastructure to institutional clients.
– Future roadmap: Expand across additional proof-of-stake networks and develop adjacent infrastructure such as on-chain vaults and post-quantum client work through 2026.
Leadership comment
Tom Lee, Chairman of Bitmine, said MAVAN is a “critical step” toward building one of the leading staking and on-chain infrastructure platforms worldwide. Bitmine expects MAVAN to rapidly become the largest Ethereum staking service given the size of its ETH treasury.
Key metrics and activity
– Staked ETH: As of 5:00 PM ET on March 24, 2026, Bitmine holds 3,142,643 staked ETH (valued at $6.8 billion using $2,148 per ETH via Coinbase).
– Recent staking: Over the past week Bitmine staked 101,776 ETH (approximately $219 million) into MAVAN and plans to continue scaling toward staking nearly all remaining unstaked ETH.
– Expected yield: Once Bitmine’s ETH is fully staked through MAVAN in the coming weeks, staking rewards are estimated to approach $300 million annually using a 2.83% 7‑day BMNR yield.
Institutional support
Bitmine continues to be backed by a leading 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. These relationships support Bitmine’s stated objective to acquire meaningful ETH holdings (including a goal to reach 5% of ETH supply over time).
Partnerships and contact
Institutions and partners interested in staking via MAVAN or offering MAVAN services to customers can contact [email protected]. Additional resources:
– Chairman’s message: https://www.Bitminetech.io/chairmans-message
– Fiscal FY2025 earnings and corporate presentation: https://Bitminetech.io/investor-relations/
– General inquiries: https://Bitminetech.io/contact-us/
– Follow on X: https://x.com/bitmnr and https://x.com/fundstrat
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner deploying excess capital to build a leading Ethereum treasury business. The company focuses on holding ETH as a primary treasury reserve asset and participates in protocol-level activities including staking and decentralized finance. Bitmine launched MAVAN to provide dedicated, Made-in-America staking infrastructure for institutions.
Forward-looking statements
This release contains forward-looking statements about MAVAN’s launch, expected growth, market position, expansion plans, staking rewards and yields, timing for staking remaining ETH, and Bitmine’s ETH acquisition and staking goals. Actual results may differ materially due to risks and uncertainties, including Bitmine’s ability to operate and scale MAVAN, attract institutional clients and partners, compete in the staking market, adapt to technological and market changes, finance operations, and fluctuations in the value 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 filings are available at www.sec.gov. Bitmine undertakes no obligation to update these statements except as required by law.