Bitmine Immersion Technologies (BMNR) Announces Launch of MAVAN (Made In America VAlidator Network), the Company's Proprietary Staking Solution

Bitmine (NYSE AMERICAN: BMNR) launched MAVAN (Made in America VAlidator Network), its institutional-grade Ethereum staking platform on March 25, 2026.

Rhea-AI Summary

Bitmine (NYSE AMERICAN: BMNR) launched MAVAN (Made in America VAlidator Network), its institutional-grade Ethereum staking platform on March 25, 2026. MAVAN combines U.S.-based validator infrastructure with a globally distributed architecture to serve institutions, custodians, exchanges, and ecosystem partners.

As of 5:00 PM ET on March 24, 2026, Bitmine reports 3,142,643 staked ETH (~$6.8 billion at $2,148/ETH) and says MAVAN staking rewards will be nearly $300 million annually using a 2.83% yield; Bitmine staked 101,776 ETH to MAVAN in the prior week.

Positive

• Total staked ETH: 3,142,643 (~$6.8B at $2,148/ETH)
• Projected annual staking rewards: ~$300M (2.83% yield)
• Recent stake added: 101,776 ETH this past week
• Target market: institutional-grade U.S. validator infrastructure

Negative

• Concentration risk: large ETH holdings could pressure liquidity if sold
• Staking reward estimate depends on variable 2.83% yield assumption
• Operational risk: scaling MAVAN to global clients requires rapid infrastructure expansion

Argus Mar 25 session

+2.12% close to close Open Argus

Details

News Market Reaction – BMNR

On Mar 25, the day this news came out, BMNR closed 2.12% above the previous close.

Data tracked by StockTitan Argus for the Mar 25 session.

Key Figures

Staked ETH: 3,142,643 ETH Staked ETH value: $6.8 billion ETH price reference: $2,148 per ETH +5 more

Staked ETH

3,142,643 ETH

Total staked as of 5:00PM ET, March 24, 2026

Staked ETH value

$6.8 billion

Valuation at $2,148 per ETH via Coinbase

ETH price reference

$2,148 per ETH

Valuation basis for Bitmine’s staked ETH

Target staking rewards

Nearly $300 million annually

ETH rewards when MAVAN fully stakes Bitmine’s ETH using 2.83% 7-day yield

7-day BMNR yield

2.83%

Yield used to estimate annual ETH staking rewards

ETH staked to MAVAN

101,776 ETH

Amount staked in the past week to MAVAN

Recent MAVAN inflow

$219 million

Value of 101,776 ETH staked to MAVAN in the past week

ETH ownership goal

5% of ETH

Bitmine’s long-term target share of total ETH supply

Previous Crypto Reports

5 past events · Latest: Mar 16

Same Type 5 events

1. Mar 16

   Crypto treasury update

   24h Move

   +11.4%

   Reported $11.5B holdings and 4.596M ETH with growing staked balance.

2. Mar 02

   Crypto treasury update

   24h Move

   +7.5%

   Detailed $9.9B holdings, 4.47M ETH and $172M staking revenue.

3. Feb 02

   Crypto treasury update

   24h Move

   -9.2%

   Disclosed $10.7B assets, 4.285M ETH and rising staking revenues.

4. Jan 26

   Crypto treasury update

   24h Move

   -3.5%

   Outlined $12.8B holdings, 4.243M ETH and 2.0M ETH staked.

5. Jan 20

   Crypto treasury update

   24h Move

   -9.4%

   Announced $14.5B holdings, 4.203M ETH and 1.84M ETH staked.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

staking, proof-of-stake, blockchain infrastructure, validator network, +2 more

6 terms

staking technical

"MAVAN will be the largest Ethereum staking service provider globally"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

View in glossary

proof-of-stake technical

"staking services for other proof-of-stake chains and blockchain infrastructure"

A proof-of-stake system is a way a cryptocurrency network decides who can add new records to its shared ledger by selecting participants based on how many tokens they hold and commit as collateral, rather than on who can solve hard math puzzles. For investors this matters because it affects returns and risks — staked tokens can earn steady fees or rewards like interest, while the system’s energy use, speed, and rules for slashing or locking tokens influence value, liquidity, and regulatory scrutiny.

blockchain infrastructure technical

"staking services for other proof-of-stake chains and blockchain infrastructure services"

Blockchain infrastructure is the underlying technology — the networks, software, and data storage — that records and moves digital ownership and transactions in a secure, tamper-resistant way. Like roads and pipes for a city, it determines how fast, cheap and safe digital activity runs; investors watch it because its performance, costs, security and regulatory posture directly affect a project’s usefulness, adoption potential and long‑term value.

validator network technical

"launch of MAVAN (Made in America VAlidator Network), its proprietary"

A validator network is a group of independent computers or participants that check and record transactions on a digital ledger, using agreed rules to decide which entries are valid. Think of them as a team of referees who confirm plays and keep the official score; their integrity, speed and decentralization determine how secure, fast and reliable the system is. Investors care because the makeup and incentives of the validator network affect transaction finality, security risks, token rewards and governance influence.

on-chain technical

"leading staking and on-chain infrastructure platforms globally"

On-chain describes actions or data that are recorded directly on a blockchain, a public digital ledger that creates a permanent, time-stamped record of transactions. For investors, on-chain activity provides verifiable evidence of transfers, ownership changes or automated program actions (like contract-driven payments); seeing these entries is like checking a bank statement and helps assess liquidity, settlement finality, fees, and transparency when judging risk and market behavior.

post-quantum technical

"grow our efforts in areas such as on-chain vaults, post-quantum client development"

Post-quantum describes technology, especially encryption methods, designed to stay secure against powerful future quantum computers that could break today’s digital locks. For investors, it signals which products, services or suppliers are preparing for a major shift in cybersecurity risk—similar to choosing a safe built to resist a new kind of drill—affecting costs, liability, competitive advantage and regulatory compliance across industries.

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MAVAN will be the largest Ethereum staking service provider globally and will provide staking services for other proof-of-stake chains and blockchain infrastructure services

Bitmine has 3,142,643 staked ETH, representing $6.8 billion at $2,148 per ETH

Bitmine remains supported by a premier 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 acquiring 5% of ETH

NORWALK, Conn., March 25, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced the official launch of MAVAN (Made in America VAlidator Network), its proprietary institutional-grade Ethereum staking platform.

MAVAN is designed to serve as the premier Ethereum staking destination for institutions, with a focus on security, performance, and resilience. The platform combines U.S.-based infrastructure for institutions requiring domestic validation with a flexible, globally distributed architecture to support clients worldwide. Originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure.

"MAVAN represents a critical step in our vision to build one of the leading staking and on-chain infrastructure platforms globally," said Tom Lee, Chairman of Bitmine. "Because Bitmine is the largest owner 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'll grow our efforts in areas such as on-chain vaults, post-quantum client development, and more."

As of 5:00PM ET on March 24, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.8 billion at $2,148 per ETH via Coinbase). Bitmine has staked more ETH than other entities in the world. When Bitmine's ETH is fully staked by MAVAN in the coming weeks, the ETH staking rewards will be nearly $300 million annually (using 2.83% 7-day BMNR yield).

In this past week, Bitmine staked 101,776 ETH ($219 million) to MAVAN and intends to continue to add scale over the coming weeks with the goal of staking nearly all of Bitmine's remaining unstaked ETH.

For institutions interested in staking Ethereum on best-in-class infrastructure or custodians, exchanges, and other partners interested in offering MAVAN ETH staking to their customers, contact mavan@bitminetech.io. 

The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine
Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company recently launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the launch and expected growth of MAVAN, including its anticipated 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 staking rewards and yields; the timeline for staking Bitmine's remaining unstaked ETH; the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum; and the continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits 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 clients 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 finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in 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 SEC filings, 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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SOURCE Bitmine Immersion Technologies, Inc.

FAQ

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What is MAVAN announced by Bitmine (BMNR) on March 25, 2026?

MAVAN is Bitmine's institutional-grade Ethereum staking platform launched on March 25, 2026. According to the company, MAVAN combines U.S.-based validator infrastructure with a globally distributed architecture to serve institutions, custodians, exchanges, and ecosystem partners.

How much ETH has Bitmine staked as of March 24, 2026 and what is its value?

Bitmine reports 3,142,643 staked ETH, valued at about $6.8 billion at $2,148 per ETH. According to the company, that total reflects Bitmine's current staked position used to support MAVAN's initial capacity and institutional services.

What annual staking rewards does Bitmine expect from MAVAN for its staked ETH?

Bitmine estimates nearly $300 million in annual ETH staking rewards based on a 2.83% yield. According to the company, this figure applies once the ETH is fully staked by MAVAN and depends on prevailing network yields.

How much ETH did Bitmine add to MAVAN in the week before March 25, 2026?

Bitmine staked 101,776 ETH to MAVAN in the prior week, equivalent to about $219 million. According to the company, additional staking is planned in the coming weeks to stake remaining unstaked ETH.

Who can use MAVAN staking services from Bitmine (BMNR)?

MAVAN is offered to institutions, custodians, exchanges, and ecosystem partners seeking U.S.-based validator services. According to the company, MAVAN is designed for clients requiring domestic validation with globally distributed support.