BitMine Immersion Technologies (NYSE: BMNR) has officially launched MAVAN — the Made in America Validator Network — its proprietary institutional-grade Ethereum staking platform, the company announced on Wednesday, March 25.
The move marks a major operational milestone in BitMine's pivot from Bitcoin miner to what Chairman Tom Lee is calling “one of the leading staking and on-chain infrastructure platforms globally,” per the release.
MAVAN is designed to serve institutions and custodians requiring U.S.-based validation, with a globally distributed architecture for international clients. Per the release, via MAVAN, BitMine will eventually expand staking services for other proof-of-stake blockchains beyond Ethereum, as well as provide crypto infrastructure services.
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