Bitmine Immersion Technologies has launched MAVAN, an institutional-grade Ethereum staking platform designed to run validator infrastructure for both its own holdings and external clients.
The platform builds on Bitmine’s position as the largest public holder of Ether, with more than 3.1 million ETH already staked and plans to increase allocations further.
The company said staking rewards from its Ethereum holdings could approach $300 million annually based on current yields.
MAVAN, short for Made in America Validator Network, was initially developed to support Bitmine’s treasury and is now being opened to institutions, custodians, and exchanges.
Bitmine said it recently staked over 100,000 ETH in a week and aims to continue expanding its staking operations while targeting up to 5% of total Ether supply.
The launch reflects growing institutional demand for compliant staking infrastructure, with firms such as Lido, Grayscale, and BlackRock also expanding staking-enabled products.
Ether was trading around $2,164, remaining below its 2025 highs, as staking continues to emerge as a key yield strategy for institutional investors.
At the time of reporting, Ethereum price was $2,116.42.