As reported by MetaEra, Bitmine announced plans to launch its commercialized Ethereum validator network, MAVAN (Made in America Validator Network), in 2026. The company is currently collaborating with three staking service providers and has staked a total of 408,627 ETH (approximately $1.2 billion) as of December 28, 2025. Bitmine's chairman, Tom Lee, estimated that staking fees could reach $374 million annually once all ETH is staked via MAVAN and its partners. The company's annual general meeting is scheduled for January 15, 2026, to vote on four key proposals, including director elections, share authorization amendments, and incentive plans.
Bitmine to Launch Commercialized Ethereum Validator Network MAVAN in 2026
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Summary
Bitmine announced plans to launch its commercialized Ethereum validator network, MAVAN, in 2026. The network upgrade is part of its broader Ethereum news strategy. As of December 28, 2025, the company has staked 408,627 ETH ($1.2 billion) with three staking partners. Tom Lee, Bitmine’s chairman, projected $374 million in annual staking fees once fully deployed. The company will vote on four key proposals at its January 15, 2026, annual meeting.
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