Bitmine Immersion Technologies (NYSE AMERICAN: BMNR) today announced MAVAN (Made In America Validator Network), its institutional-grade Ethereum staking platform designed for U.S.-based validation and global service delivery.
MAVAN was developed to provide a secure, high-performance staking destination for institutional clients, custodians, exchanges, and ecosystem partners. The platform combines domestically hosted infrastructure for customers that require U.S. validation with a flexible, globally distributed architecture to maintain resilience and support worldwide participants. MAVAN began as the staking backbone for Bitmine’s own Ethereum treasury and will expand to offer staking services across additional proof-of-stake networks and related blockchain infrastructure over time.
Tom Lee, Chairman of Bitmine, commented that MAVAN is a major step toward building one of the world’s leading staking and on-chain infrastructure platforms. Because Bitmine currently holds more ETH than any other entity, the company expects MAVAN to become the largest Ethereum staking platform shortly after its launch. Bitmine also plans to grow capabilities through 2026 in areas such as on-chain vaults and post-quantum client development.
Key metrics (as of 5:00 PM ET, March 24, 2026):
– Total ETH staked by Bitmine: 3,142,643 ETH (approximately $6.8 billion, using $2,148 per ETH via Coinbase).
– Recent activity: 101,776 ETH staked to MAVAN in the past week (about $219 million).
– Projected staking rewards: Nearly $300 million annually once all of Bitmine’s ETH is fully staked through MAVAN (based on a 2.83% 7-day BMNR yield).
Bitmine is backed by a group of institutional investors and strategic partners, including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and Thomas “Tom” Lee. The company is pursuing a strategy to accumulate ETH as a primary treasury reserve asset, guided by its stated goal of acquiring 5% of total ETH supply.
Institutions interested in staking on MAVAN or partners that want to offer MAVAN staking services to their customers may contact [email protected]. Additional materials are available online:
– Chairman’s message: https://www.bitminetech.io/chairmans-message
– Fiscal FY2025 earnings and corporate presentation: https://bitminetech.io/investor-relations/
– Contact and updates: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a U.S.-based Bitcoin miner that is deploying excess capital to build a leading Ethereum treasury and staking business, providing digital asset strategies for institutional and public market participants. The company focuses on protocol-level activities such as staking and decentralized finance as part of its treasury strategy.
Forward-looking statements
This release contains forward-looking statements about MAVAN’s launch, future scale and market position, expansion across proof-of-stake networks, expected staking rewards and yields, timelines for staking remaining ETH, and Bitmine’s ETH acquisition goals. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Factors include Bitmine’s ability to operate and scale MAVAN, attract and retain institutional clients and partners, compete effectively, finance operations, and adapt to technology and market changes. 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 has no obligation to update forward-looking statements except as legally required.