Bitmine Immersion Technologies has introduced MAVAN, an exclusive Ethereum staking platform designed for institutions. Announced on March 25, 2026, this development places Bitmine at the forefront of the Ethereum staking sector globally. The company, listed on NYSE American under the ticker BMNR, now operates the largest single-entity Ethereum staking enterprise worldwide.
How Extensive is Bitmine’s Staking Operation?
As of March 24, 2026, Bitmine has staked a monumental 3,142,643 ETH, corresponding to approximately $6.8 billion based on an average price of $2,148 per ETH. Just last week, they augmented their stake by 101,776 ETH, valued at around $219 million. The company plans to scale up its operations by utilizing MAVAN to stake remaining ETH holdings further.
Initially an immersion-cooled mining entity, Bitmine has grown to command a significant Ethereum treasury. MAVAN, their proprietary staking system, was first crafted for internal needs, but now it offers institutional-grade staking capabilities to external parties. The platform is built to comply with U.S. validation protocols, while also catering to an international clientele.
What Features Are Offered to Institutional Backers?
MAVAN is tailored for institutions, custodians, and strategic partners seeking dependable and high-capacity staking services. Emphasizing on factors like security, performance, and resilience, Bitmine is making staking of Ethereum and other cryptocurrencies more accessible through this launch.
Bitmine plans to diversify further by extending its services to other proof-of-stake blockchain systems and web3 infrastructure offerings. Their 2026 roadmap outlines potential new ventures including on-chain vault services and post-quantum blockchain clients. Bitmine estimates reaching annualized staking rewards of nearly $300 million once MAVAN is fully operational.
Positioned in the U.S. and publicly listed, Bitmine is already noted for its substantial Ethereum assets. Backed by major investors like ARK’s Cathie Wood and institutions such as Founders Fund and Kraken, the company’s vision is further emphasized.
Chairman Tom Lee highlights MAVAN’s inception as a pivotal moment, setting Bitmine on a path toward global dominance in staking and blockchain infrastructure. Bitmine aspires to hold five percent of all ETH in circulation, with MAVAN driving this goal by broadening their services across different blockchain platforms.
MAVAN is live and open for business, aiming to be the world’s largest single-entity staking operation. Users are now able to stake Ethereum and other cryptocurrencies through the platform.
With these developments, Bitmine is strategically positioning itself as a leader in the competitive realm of Ethereum staking, aiming to reshape the future of blockchain investments with its cutting-edge technology and expansive vision.
