Bitmine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) announced the launch of MAVAN (Made In America VAlidator Network), an institutional-grade Ethereum staking platform designed for security, performance, and operational resilience.
MAVAN combines U.S.-based infrastructure for organizations that require domestic validation with a flexible, globally distributed architecture to serve clients worldwide. Originally developed to manage Bitmine’s own Ethereum treasury, MAVAN will expand to provide staking and blockchain infrastructure services to institutional investors, custodians, exchanges, and ecosystem partners.
Tom Lee, Bitmine’s Chairman, described MAVAN as a milestone toward building a leading staking and on-chain infrastructure platform. Given Bitmine’s significant Ethereum holdings, the company expects MAVAN to scale rapidly and become one of the largest staking platforms. Bitmine also plans to extend MAVAN support to additional proof-of-stake networks and to pursue other infrastructure initiatives through 2026, including on-chain vaults and post-quantum client development.
As of 5:00 PM ET on March 24, 2026, Bitmine reported a total of 3,142,643 ETH staked, valued at approximately $6.8 billion using a $2,148 ETH price (Coinbase). Bitmine states it has staked more ETH than any other entity. Once Bitmine’s remaining ETH is fully staked on MAVAN in the coming weeks, projected annual staking rewards are estimated at nearly $300 million, based on a 2.83% 7-day BMNR yield (projection subject to market and protocol conditions).
In the prior week, Bitmine staked an additional 101,776 ETH (approximately $219 million) to MAVAN and intends to continue staking its remaining unstaked ETH over the coming weeks.
Bitmine’s institutional backers include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee. The company has stated a strategic objective of acquiring 5% of outstanding ETH.
Institutions interested in staking Ethereum on MAVAN, or custodians, exchanges and partners seeking to offer MAVAN staking to customers, may contact [email protected].
Chairman’s message: https://www.bitminetech.io/chairmans-message
Fiscal Full Year 2025 earnings and corporate presentation: https://bitminetech.io/investor-relations/
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About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner deploying excess capital to build an Ethereum treasury and to participate at the protocol level through staking and decentralized finance. Following its “alchemy of 5%” philosophy, Bitmine has designated ETH as its primary treasury reserve asset and launched MAVAN as dedicated staking infrastructure.
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Forward-Looking Statements
This release contains forward-looking statements regarding the launch and growth of MAVAN, expectations about platform scale and market position, future expansion to other networks and infrastructure initiatives, projected staking rewards and yields, timing of staking activities, and Bitmine’s ETH acquisition objectives. These statements involve risks and uncertainties that could cause actual results to differ materially, including Bitmine’s ability to scale MAVAN, attract clients and partners, compete in the staking services market, finance planned activities, adapt to technological change, and fluctuations in crypto asset markets. For additional information about risks, see the Risk Factors section of Bitmine’s Form 10-K filed November 21, 2025 and other SEC filings available at www.sec.gov. Bitmine does not undertake an obligation to update forward-looking statements except as required by law.
