Bitmine (NYSE American: BMNR) built MAVAN in-house to manage and generate yield on its expanding ETH treasury. At launch, the platform carries 3,142,643 ETH, valued at roughly $6.8 billion based on a price of $2,148 per coin as of 5:00 p.m. ET on March 24, 2026.

Bitmine added 101,776 ETH, approximately $219 million, to MAVAN in the week before launch. The company plans to migrate nearly all of its remaining unstaked ETH holdings to the network in the coming weeks.

Based on a recent seven-day yield of 2.83%, Bitmine projects MAVAN will generate close to $300 million in annualized staking rewards. That figure makes the platform a meaningful revenue engine, not just a balance sheet asset.

MAVAN runs on U.S.-based validator nodes for institutions that require domestic infrastructure, paired with a globally distributed architecture for resilience and performance. The combination is designed to meet compliance requirements without sacrificing speed or uptime.

Bitmine further disclosed that it is opening MAVAN to institutional clients beyond its own treasury. Custodians, exchanges, and ecosystem partners can stake ETH directly on the network or white-label the service. The company explained on Wednesday that it is accepting inquiries for such services.

The launch is the fourth major pillar of Bitmine’s strategy to accumulate and hold approximately 5% of the total ETH supply. The company refers to this framework as “the alchemy of 5%,” a long-term positioning play for institutional and public-market investors seeking ethereum exposure.

Tom Lee, Chairman of Bitmine and Head of Research at Fundstrat Global Advisors, said MAVAN marks a critical step toward building one of the leading staking and on-chain infrastructure platforms globally. He noted plans to expand across additional proof-of- stake networks and develop onchain vaults and post-quantum client capabilities through 2026.

Bitmine’s institutional backers include Ark Invest, Founders Fund, Pantera Capital, Galaxy Digital, DCG, Kraken, and Bill Miller III, among others. The company filed a corresponding 8-K with the SEC on March 25, 2026, under Item 7.01 Regulation FD Disclosure.

MAVAN is designed to expand beyond Ethereum. The company has stated explicit plans to onboard additional proof-of- stake chains and build out broader blockchain infrastructure services over time.

Bitmine began as a U.S.-based Bitcoin miner and has since pivoted toward ether accumulation as its core corporate strategy. MAVAN represents the operational layer that converts its holdings into a recurring-revenue infrastructure business while simultaneously participating in network security.

All projections related to staking rewards, ETH migration timelines, and platform expansion are forward-looking. Bitmine has flagged yield variability, client adoption pace, regulatory conditions, and crypto market risk as material factors in its most recent 10-K, filed November 21, 2025.

• What is MAVAN? MAVAN (Made in America Validator Network) is Bitmine’s proprietary ethereum staking platform, built to manage the company’s ETH treasury and now open to institutional clients.
• How much ETH is staked on MAVAN at launch? Bitmine launched MAVAN with 3,142,643 ETH staked, worth approximately $6.8 billion at the time of launch.
• How can institutions participate in MAVAN? Custodians, exchanges, and ecosystem partners can contact Bitmine at mavan@bitminetech.io to stake ETH or explore white-label options.
• Will MAVAN expand beyond Ethereum? Yes — Bitmine has stated plans to add additional proof-of- stake networks and build out on-chain vaults and post-quantum client infrastructure through 2026.

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