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 Immersion Technologies, Inc. (NYSE AMERICAN: BMNR), a Bitcoin and Ethereum network company focused on long-term crypto accumulation, announced the launch of MAVAN (Made In America VAlidator Network), its proprietary institutional-grade Ethereum staking platform.
MAVAN is built to be a premier Ethereum staking destination for institutions, emphasizing security, performance, and resilience. The platform combines U.S.-based infrastructure for clients requiring domestic validation with a flexible, globally distributed architecture to support customers worldwide. Initially developed to support Bitmine’s own Ethereum treasury, MAVAN will expand to serve institutional investors, custodians, exchanges, and ecosystem partners seeking institutional-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 (approximately $6.8 billion, using $2,148 per ETH via Coinbase). Bitmine has staked more ETH than any other entity worldwide. When Bitmine’s ETH holdings are fully staked by MAVAN in the coming weeks, ETH staking rewards are projected to be nearly $300 million annually (using a 2.83% 7-day BMNR yield). In the past week, Bitmine staked 101,776 ETH (about $219 million) to MAVAN and plans to continue staking its remaining unstaked 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 its goal of acquiring 5% of ETH.
Institutions interested in staking Ethereum on MAVAN or partners that wish to offer MAVAN staking to customers may contact [email protected].
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About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner operating in the U.S. The company is deploying excess capital to become a leading Ethereum treasury company, implementing a digital asset strategy for institutional investors and public market participants. Guided by its “alchemy of 5%” philosophy, Bitmine is committed to ETH as its primary treasury reserve asset, leveraging protocol-level activities including staking and decentralized finance mechanisms.
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Forward-Looking Statements
This release contains forward-looking statements regarding MAVAN’s launch and expected growth, its anticipated position as the largest Ethereum staking platform, expansion plans across proof-of-stake networks and infrastructure, expectations for ETH staking rewards and yields, the timeline for staking remaining ETH, Bitmine’s ETH acquisition goals, and the long-term value of Ethereum. These statements involve risks and uncertainties, including Bitmine’s ability to operate and scale MAVAN, attract institutional clients and partners, compete in the staking services market, finance its operations and plans, and keep pace with technology and market changes. Actual results may differ materially. See the Risk Factors in Bitmine’s Form 10-K filed with the SEC on November 21, 2025, and other SEC filings at www.sec.gov. Bitmine undertakes no obligation to update forward-looking statements except as required by law.