Bitmine Immersion Launches MAVAN to Dominate Ethereum Staking Market

Bitmine Immersion Technologies (BMNR) has officially launched MAVAN, a proprietary institutional-grade Ethereum staking solution. The platform aims to establish a dominant "Made in America" infrastructure for proof-of-stake blockchains, 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. 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 of MAVAN positions Bitmine as a leading service provider in the rapidly expanding crypto infrastructure sector.

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