Bitmine Launches MAVAN: A New Staking Solution

Bitmine Immersion Technologies, Inc. has announced the launch of MAVAN, their proprietary staking solution. MAVAN is set to become the largest Ethereum staking service globally, providing services for proof-of-stake chains and blockchain infrastructure. Bitmine currently holds 3,142,643 staked ETH, valued at $6.8 billion.

With backing from prestigious investors such as ARK's Cathie Wood and Founders Fund, Bitmine aims to acquire 5% of ETH. MAVAN, developed for institutional-grade use, focuses on security and resilience. Its architecture supports global clients, catering to institutional investors, custodians, and partners looking for reliable staking infrastructure.

Chairman Tom Lee emphasized Bitmine's vision of expanding MAVAN across more networks and infrastructure. With plans to stake nearly all unstaked ETH, MAVAN's annual staking rewards could reach $300 million. Institutions interested in leveraging MAVAN's capabilities are encouraged to contact the company.