TechFlow News, March 25: According to a PR Newswire report, Bitmine Immersion Technologies (NYSE: BMNR) officially launched MAVAN (Made In America VAlidator Network) on March 25—a proprietary institutional-grade Ethereum staking platform. As of March 24, 2026, Bitmine has staked 3.1426 million ETH, valued at approximately $6.8 billion at current prices, making it the world’s largest ETH holder. Upon full launch, MAVAN is projected to generate annual staking revenue approaching $300 million (based on a 7-day yield of 2.83%).
The company stated that MAVAN will be open to institutional investors, custodians, and ecosystem partners, with plans to gradually expand into other Proof-of-Stake chains and blockchain infrastructure services. By 2026, Bitmine also aims to advance initiatives including on-chain treasury solutions and post-quantum client development. Bitmine’s investor lineup includes ARK’s Cathie Wood, Founders Fund, Pantera, and Galaxy Digital. The company’s long-term goal is to hold 5% of the global ETH supply.
