Bitmine Immersion Technologies (BMNR) announced the official launch of MAVAN (Made in America VAlidator Network), its proprietary institutional-grade Ethereum staking platform. Initially developed to manage the company's own significant Ethereum treasury, MAVAN will now be offered as a service to institutional investors, custodians, and other partners, positioning itself to be the largest Ethereum staking provider globally upon launch.
Key Details
- Platform Launch: The company launched MAVAN, a U.S.-based, institutional-focused Ethereum staking service.
- Company Holdings: As of March 24, 2026, Bitmine holds 3,142,643 ETH, valued at approximately $6.8 billion.
- Projected Revenue: Once its entire ETH treasury is staked on MAVAN, the company anticipates generating nearly $300 million in annual staking rewards.
- Staking Rollout: Bitmine has already staked 101,776 ETH ($219 million) to MAVAN and plans to migrate its remaining ETH holdings to the platform over the coming weeks.