Bitmine Debuts In-House Ethereum Staking Platform MAVAN, Stakes 3.1426M ETH

Bitmine Immersion Technologies (NYSE: BMNR) has launched MAVAN (Made In America Validator Network), an in-house, institutional-grade Ethereum staking platform, according to PR Newswire. The rollout took place on March 25. As of March 24, 2026, Bitmine said it has staked 3.1426 million ETH—worth about $6.8 billion at current prices—positioning it as the world's largest Ethereum holder. Once fully deployed, MAVAN is expected to deliver nearly $300 million in annualized staking rewards, based on a seven-day yield of 2.83%. The company said MAVAN will be available to institutional investors, custodians and ecosystem partners. Bitmine plans to expand over time into other proof-of-stake blockchains and broader blockchain infrastructure services. It also aims to push forward initiatives in 2026 including on-chain treasury management and post-quantum client development. Bitmine cited investor support from Cathie Wood of ARK, Founders Fund, Pantera and Galaxy Digital, and reiterated a long-term target of holding 5% of all ETH globally.