Bitmine Immersion Technologies launched the Made in America Validator Network (MAVAN), holding over 3.14 million ETH (~$6.8B) at launch, making it the largest Ethereum staking platform globally. The platform targets institutional clients, predicts ~$300M annual staking rewards, and plans multi-chain expansion.
Bitmine launches MAVAN (Made in America Validator Network), instantly becoming the largest Ethereum staking platform with 3.14 million staked ETH worth $6.8B. The platform opens to institutional clients and targets nearly $300M annual rewards.
Bitmine Technologies launched the Made in America Validator Network (MAVAN), staking over 3.14 million ETH ($6.8B) at launch, immediately becoming the largest Ethereum staking platform, now open to institutional clients.
Bitmine Immersion Technologies launched the Made in America Validator Network (MAVAN), staking 3.14 million ETH (~$6.8 billion) at launch. The platform targets institutional clients, projects ~$300M annual rewards, and plans multi-chain expansion.
Bitmine has launched MAVAN, a U.S.-based validator network that debuted with 3.14 million ETH staked, or roughly $6.8 billion at the disclosed reference price, positioning it as the world’s largest Ethereum staking platform at launch.
Bitmine Immersion Technologies disclosed its Ethereum holdings surged to 4.66 million tokens, representing 3.86% of total supply, while combined crypto, cash and 'moonshot' investments reached $11 billion. The firm also updates on staking revenue and MAVAN network plans.
Bitmine Immersion Technologies has increased its 9.50% Series A perpetual preferred stock offering to 3.5 million shares, expecting net proceeds of about $273.8 million. The funds will be used to accumulate ETH and other digital assets, expand staking and validator infrastructure via its MAVAN network, support Ethereum ecosystem investments, and repurchase common shares.
Bitmine Immersion Technologies has priced its upsized Series A perpetual preferred stock offering at 3.5 million shares at $80 each, expecting to close on June 10, 2026, with net proceeds of approximately $273.8 million. The funds will be used for general corporate purposes including accumulating ETH and other digital assets, expanding staking and validation infrastructure, advancing plans via MAVAN, and strategic investments in the Ethereum ecosystem. The preferred shares carry a 9.50% annual dividend yield.
