NORWALK, Conn., March 25, 2026 — Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) today announced the commercial launch of MAVAN (Made In America VAlidator Network), its institutional-grade Ethereum staking platform. MAVAN is built to deliver U.S.-based validation for institutions that require domestic infrastructure, while also supporting a globally distributed architecture for wider client needs.
MAVAN highlights and capabilities
– Purpose-built for institutions, custodians, exchanges and ecosystem partners seeking secure, high-performance Ethereum staking.
– Combines U.S.-hosted validator infrastructure with flexible global distribution for resilience and redundancy.
– Intended to support Bitmine’s own Ethereum treasury and to be offered as a service to external institutional clients and partners.
Scale and performance
As of 5:00 PM ET on March 24, 2026, Bitmine had 3,142,643 ETH staked — valued at approximately $6.8 billion using a reference price of $2,148 per ETH (via Coinbase). Bitmine has staked more ETH than any other single entity worldwide. Once Bitmine’s remaining ETH is fully onboarded to MAVAN in the coming weeks, projected staking rewards are estimated at roughly $300 million annually, based on a recently observed 7-day yield of 2.83% (BMNR).
Momentum and growth plans
– Over the past week Bitmine staked an additional 101,776 ETH (about $219 million) into MAVAN and plans to continue increasing scale with the long-term goal of staking nearly all of its remaining unstaked ETH.
– Bitmine intends to expand MAVAN across additional proof-of-stake networks and to build complementary on-chain infrastructure, including on-chain vaults and post-quantum client development, through 2026 and beyond.
Strategic backing
Bitmine continues to be supported by a group of institutional and strategic investors, including Cathie Wood (ARK), MOZAYYX, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group (DCG), Galaxy Digital and personal investor Thomas “Tom” Lee. These partners support Bitmine’s drive to acquire a meaningful share of the ETH supply, guided by the company’s stated “alchemy of 5%” philosophy.
Leadership perspective
“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.”
Engagement and contact
Institutions interested in staking on MAVAN or partners and custodians wishing to offer MAVAN staking to their customers can contact [email protected]. Additional corporate materials and investor resources are available online:
– Chairman’s message: https://www.Bitminetech.io/chairmans-message
– Fiscal Full Year 2025 earnings and corporate presentation: https://Bitminetech.io/investor-relations/
– Sign up / contact: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner and digital-asset company deploying excess capital to build a leading institutional Ethereum treasury. The company focuses on long-term crypto accumulation and protocol-level activities such as staking and participation in decentralized finance. Bitmine launched MAVAN to provide dedicated, Made-in-America staking infrastructure and plans further investments in staking and related on-chain services.
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Forward-looking statements
This release contains forward-looking statements about MAVAN’s launch, expected market position, staking reward projections, growth plans, and Bitmine’s ETH acquisition objectives. Actual outcomes may differ materially due to operational, market, competitive, regulatory and technological risks. See Bitmine’s filings with the SEC, including the Form 10-K filed November 21, 2025, for a discussion of risk factors. Bitmine undertakes no obligation to update forward-looking statements except as required by law.