Bitmine Launches MAVAN Staking Platform

Bitmine Immersion Technologies (BMNR), led by Fundstrat co-founder Thomas “Tom” Lee, has launched its MAVAN staking solution after months of infrastructure work, the company announced Wednesday.

MAVAN — Made-in-America Validator Network — is a proprietary staking platform designed for institutional Ethereum staking with plans to broaden into other blockchain infrastructure services. The platform was first mentioned in late 2025 earnings statements ahead of a planned Q1 2026 rollout.

“MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally,” Lee said. Bitmine said it intends to expand MAVAN to support additional proof-of-stake networks and to develop related products through 2026, including on-chain vaults and post-quantum client work.

Backed by significant investors, Bitmine aims to grow MAVAN into a major crypto infrastructure network focused on long-term Ethereum accumulation. The company reported more than 3.1 million ETH staked — roughly $6.8 billion at current prices — and a total holding approaching 4.6 million ETH, about $9.7 billion.

Bitmine says it is steadily building toward a target equal to roughly 5% of the Ethereum supply. The stock rose about 3% in Wednesday premarket trading, according to Yahoo Finance.

Edited by Vivian Nguyen.