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 the accumulation of crypto for long-term investment, today announced the official launch of MAVAN (Made In America VAlidator Network), its proprietary institutional-grade Ethereum staking platform.
MAVAN is designed to serve as the premier Ethereum staking destination for institutions, emphasizing security, performance, and resilience. The platform combines U.S.-based infrastructure for institutions requiring domestic validation with a flexible, globally distributed architecture to support clients worldwide. Initially developed to support Bitmine’s own Ethereum treasury, MAVAN will expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class 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 ($6.8 billion at $2,148 per ETH, via Coinbase). Bitmine has staked more ETH than any other entity globally. When Bitmine’s ETH is fully staked by MAVAN in the coming weeks, ETH staking rewards are projected to be nearly $300 million annually (based on a 2.83% 7-day BMNR yield).
Over the past week, Bitmine staked 101,776 ETH ($219 million) to MAVAN and intends to continue adding scale with the goal of staking nearly all remaining unstaked ETH.
Institutions interested in staking Ethereum on MAVAN infrastructure or custodians, exchanges, and partners interested in offering MAVAN ETH 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/
Sign up to stay informed: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the U.S. The company is deploying excess capital to be the leading Ethereum treasury company globally, implementing an institutional digital asset strategy for investors and public market participants. Guided by its “alchemy of 5%” philosophy, Bitmine is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company recently launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure.
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Fundstrat on X: https://x.com/fundstrat
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements about the launch and expected growth of MAVAN, its anticipated position as the largest Ethereum staking platform, plans to expand across additional proof-of-stake networks, expectations regarding ETH staking rewards and yields, timing for staking remaining ETH, the Company’s ETH acquisition goals, and the long-term value of Ethereum. Actual results may differ materially due to factors including Bitmine’s ability to operate and scale MAVAN, attract institutional clients and partners, the competitive landscape, technological change, financing ability, and the future value of Bitcoin and Ethereum. Refer to the Risk Factors in Bitmine’s Form 10-K filed with the SEC on November 21, 2025 and other SEC filings. Copies of Bitmine’s SEC filings are available at www.sec.gov. Bitmine undertakes no obligation to update forward-looking statements except as required by law.