Bitmine Launches MAVAN, a Proprietary Ethereum Staking Platform

Bitmine Immersion Technologies has announced the launch of its proprietary Ethereum staking platform, MAVAN (Made in America VAlidator Network). The platform is designed to serve as a premier destination for institutional investors seeking best-in-class staking infrastructure. With a focus on security, performance, and resilience, MAVAN aims to become one of the leading staking platforms globally.

The company has already staked 3,142,643 ETH, representing $6.8 billion at current market prices. This significant stake is expected to generate nearly $300 million in annual staking rewards once fully utilized by MAVAN. Bitmine intends to continue adding scale over the coming weeks with the goal of staking nearly all of its remaining unstaked ETH.

The launch of MAVAN marks a critical step in Bitmine's vision to build one of the leading staking and on-chain infrastructure platforms globally. The company plans to expand across additional proof-of-stake networks and blockchain infrastructure over time, with a focus on areas such as on-chain vaults and post-quantum client development.