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StocksMediumUpdated•Originally published 25 March 2026•Updated 26 March 2026•

1 min read

Bitmine Immersion Launches MAVAN to Dominate Ethereum Staking Market

Key Facts

1Bitmine Immersion Technologies launched MAVAN, a proprietary institutional-grade Ethereum staking solution.

2 months ago

Version History

5 additional sources confirmed this story

Version 12 months ago

What changed: Clarified the platform's full name, its ambition to be the world's largest ETH staker, and plans to support additional blockchain networks.

Bitmine Immersion Technologies (BMNR) has officially launched MAVAN, an acronym for the 'Made In America VAlidator Network'. The platform aims to become the largest Ethereum staking service provider globally, targeting a 5% share of all staked ETH. Currently, the company manages 3,142,643 staked ETH, valued at approximately $6.8 billion based on a price of $2,148 per token. Beyond Ethereum, MAVAN plans to expand its staking services to support other blockchain networks. This strategic move is backed by high-profile institutional investors, including Cathie Wood's ARK, Founders Fund, and Pantera Capital. Other notable supporters include Kraken, Digital Currency Group, and Galaxy Digital, highlighting the platform's strong industry credibility. The launch positions Bitmine as a leading infrastructure provider in the rapidly evolving digital asset sector.