MAVAN will be the largest Ethereum staking services provider globally and will provide staking services to other proof-of-stake chains and blockchain infrastructure services.
Bitmine has 3,142,643 ETH, representing $6.8 billion at $2,148 per ETH.
Bitmine remains backed by a leading group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of 5% ETH
NORWALK, Conn., March 25, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. announced… (“Bitmine” or the “Company”), a Bitcoin and Ethereum network company focused on aggregating cryptocurrencies for long-term investment, today announced the official launch of MAVAN (Made in America VAlidator Network), an enterprise Ethereum owned staking platform.
MAVAN is designed to serve as the premier destination for enterprises in the Ethereum space, with a focus on security, performance, and resiliency. The platform combines US-based infrastructure for organizations requiring local verification with a flexible, globally distributed architecture to support customers around the world. Originally developed to support Bitmine’s Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class infrastructure.
“MAVAN represents a critical step in our vision to build one of the world’s leading infrastructure platforms,” said Tom Lee, Chairman of Bitmine. “As Bitmine is the largest holder 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, and through 2026, we will grow our efforts in areas such as on-chain vaults, developing post-quantum clients, and more.”
As of 5:00 PM EST on March 24, 2026, Bitmine’s total ETH pool stands at 3,142,643 ($6.8 billion at $2,148 per ETH via Coinbase). Bitmine has bet more on ETH than other entities in the world. When MAVAN fully stakes Bitmine’s ETH in the coming weeks, ETH rewards will be worth approximately $300 million per year (using a 2.83% 7-day BMNR return).
Last week, Bitmine deposited 101,776 ETH ($219 million) into MAVAN and intends to continue expanding its reach over the coming weeks with the aim of staking almost all of Bitmine’s remaining unstaken ETH.
For institutions interested in owning Ethereum on best-in-class infrastructure or custodians, exchanges and other partners interested in offering MAVAN ETH services to their clients, contact (email protected).
The President’s message can be viewed here:
https://www.Bitminetech.io/chairmans-message
The full fiscal year 2025 earnings presentation and corporate presentation can be viewed here: https://Bitminetech.io/investor-relations/
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About Bitmain
Bitmain (NYSE AMERICAN: BMNR) is a Bitcoin mining company with operations in the United States. The company is deploying its excess capital to become the world’s leading Ethereum treasury company, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “5% chemistry,” the company is committed to ETH as a primary treasury reserve asset, leveraging activities at the native protocol level including DeFi and staking mechanisms. The company recently launched MAVAN (Made in America VAlidator Network), a dedicated storage infrastructure.
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Forward-looking statements
This press release contains statements that constitute “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. This document specifically contains forward-looking statements regarding the launch and expected growth of MAVAN, including its expected position as the largest Ethereum staking platform globally; The company’s plans to expand MAVAN across additional proof-of-stake networks and blockchain infrastructure; Expectations regarding ETH rewards and returns; Timeline for staking remaining unaccumulated ETH in Bitmine; The Company’s goals regarding the acquisition and storage of ETH, and the long-term value of Ethereum; And the continued growth and progress of the Company’s Ethereum treasury strategy and the benefits applicable to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine’s ability to successfully operate and scale MAVAN; Bitmine’s ability to attract institutional customers and partners to the MAVAN platform; The competitive landscape for Ethereum staking services; Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to fund its current business, Ethereum treasury operations and proposed future business; the competitive environment for Bitmine’s business; The future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other filings with the SEC, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at: www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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