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- Bitmine has launched MAVAN, its new institutional Ethereum staking platform, as its staked ETH pile climbs above 3.14 million.
- The company says annualized staking rewards could approach $300 million once the platform is fully deployed.
Bitmine is making a bigger play in Ethereum infrastructure, and this time it is not just talking about validator exposure in abstract terms. It is putting scale behind it.
Bitmine rolls out MAVAN with a multibillion-dollar ETH base
The company said it has officially launched MAVAN, short for Made in America VAlidator Network, as its proprietary institutional-grade Ethereum staking platform.
The pitch is straightforward. Bitmine wants to offer staking and blockchain infrastructure services built for larger capital pools rather than the usual retail flow.
The numbers already give a sense of the size involved. As of March 24, Bitmine said it had staked 3,142,643 ETH, worth roughly $6.8 billion at current valuations. Over the previous week alone, another 101,776 ETH, about $219 million, was added to the stack.
That is not rollout-stage sizing. It suggests the company is entering the market with serious validator weight from day one, which matters in a sector where scale can shape both credibility and earnings potential.
Staking rewards are becoming the real story
What makes the launch more interesting is the income profile Bitmine is attaching to it. Based on a 2.83% yield, the company estimates annualized staking rewards could land around $300 million once deployment is fully ramped.
That turns MAVAN into more than a technical infrastructure product. It becomes a cash-flow machine tied directly to Ethereum proof-of-stake economics.
And that is really the shift here. Institutional ETH staking is no longer being framed only as a way to support the network or generate passive onchain yield. It is increasingly being pitched like an operating business, one with recurring revenue, treasury implications and infrastructure branding attached to it.
For Bitmine, MAVAN looks like a bet that institutions want cleaner, bigger and more specialized access to staking rails. For the broader market, it is another sign that ETH staking is moving further into the territory of full-scale financial infrastructure rather than just crypto-native participation.
