Bitmine launches institutional Ethereum staking platform
The MAVAN platform extends Bitmine’s staking operations to external clients as institutional demand for validator infrastructure accelerates.
Bitmine Immersion Technologies has launched MAVAN, an institutional-grade Ethereum staking platform that will run validator infrastructure for its own holdings and external clients.
Staking involves locking up Ether to help validate transactions on the network in exchange for rewards.
The rollout takes advantage of Bitmine’s position as the largest public company holder of Ether (ETH), with more than 3.1 million ETH already staked. MAVAN, or Made in America Validator Network, is the company’s proprietary Ethereum staking platform.