Bitmine Immersion launches MAVAN Ethereum staking platform

Bitmine Immersion (BMNR) Technologies announced the official launch of MAVAN, or 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. As of 5:00PM ET on March 24, Bitmine total staked ETH stands at 3,142,643, or $6.8B 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 $300M annually. In this past week, Bitmine staked 101,776 ETH, $219M 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.