Bitmine Launches MAVAN, a Proprietary Ethereum Staking Platform for Institutions

Bitmine Immersion Technologies has announced the launch of MAVAN, a proprietary Ethereum staking platform designed to serve as the premier destination for institutional clients. The platform combines U.S.-based infrastructure with a globally distributed architecture to support clients worldwide.

The company's chairman, Tom Lee, stated that MAVAN represents a critical step in Bitmine's vision to build one of the leading staking and on-chain infrastructure platforms globally. As the largest owner of Ethereum in the world, Bitmine intends to expand MAVAN across additional proof-of-stake networks and blockchain infrastructure over time.

As of March 24, Bitmine's total staked ETH stands at 3,142,643, representing $6.8 billion at $2,148 per ETH. The company plans to continue adding scale to the platform with the goal of staking nearly all of its remaining unstaked ETH.