Bitmine Launches Self-Developed Ethereum Staking Platform MAVAN, 3.14 Million ETH Staked with Nearly $300 Million Annual Yield

CycleProphet · 2026-03-25T12:56:14+00:00

Bitmine Immersion Technologies launched the MAVAN Ethereum staking platform on March 25, with 3.1426 million ETH already staked and an estimated annual yield close to $300 million. The platform will be oriented toward institutional investors and plans to expand to other blockchain services, with a target of holding 5% of global ETH.

CycleProphet

2026-03-25 12:56:14

Abstract generation in progress

Deep Tide TechFlow News, March 25, according to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) officially announced the launch of MAVAN (Made In America VAlidator Network) on March 25. This is the company’s self-developed institutional Ethereum staking platform. As of March 24, 2026, Bitmine has staked 3.1426 million ETH, worth approximately $6.8 billion at current prices, making it the world’s largest Ethereum holder. After full deployment of MAVAN, the annualized staking revenue is expected to approach $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, and plans to gradually expand to other proof-of-stake chains and blockchain infrastructure services. By 2026, it will also advance on-chain vaults and post-quantum client development. Bitmine’s backers include ARK’s Cathie Wood, Founders Fund, Pantera, Galaxy Digital, and other institutions. The company’s long-term goal is to hold 5% of the world’s ETH.

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