Bitmine Launches Institutional-Grade Ethereum Staking Platform

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 4 days ago

0mins

BMNR-5.55%

Should l Buy BMNR?

Source: seekingalpha

Platform Launch: Bitmine Immersion Technologies has introduced its proprietary Ethereum staking platform, MAVAN, which combines U.S.-based infrastructure with a globally distributed architecture to meet institutional client needs, positioning it to become the largest Ethereum staking platform worldwide.
Market Leadership: As the largest holder of Ethereum globally, Bitmine plans to rapidly expand its market share following the launch of MAVAN, with intentions to broaden its reach into additional proof-of-stake networks and critical blockchain infrastructure by 2026.
Staking Scale: As of March 24, 2026, Bitmine's total staked Ethereum reached 3,142,643 tokens, valued at approximately $6.8 billion based on a price of $2,148 per ETH, demonstrating its formidable presence in the market.
Future Development: Bitmine aims to increase investments in areas such as on-chain vaults and post-quantum client development over the coming years, further solidifying its leadership position in blockchain technology.

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Analyst Views on BMNR

Wall Street analysts forecast BMNR stock price to rise

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 19.470

Low

39.00

Averages

43.00

High

47.00

Current: 19.470

Low

39.00

Averages

43.00

High

47.00

B. Riley

Buy

maintain

$30 -> $33

2026-03-26

New

Reason

B. Riley

Price Target

$30 -> $33

AI Analysis

2026-03-26

New

maintain

Buy

Reason

B. Riley raised the firm's price target on Bitmine Immersion to $33 from $30 and keeps a Buy rating on the shares. BitMine Immersion launched MAVAN, its institutional-grade Ethereum staking platform, marking a key shift from passive ETH treasury management to active staking infrastructure, with about 67% of holdings already staked and potential annualized rewards of roughly $285M at full deployment, the analyst tells investors in a research note. Early adoption has been strong, and management plans to expand MAVAN to additional chains and services, supporting incremental revenue, diversification, and upside to the company's below-target multiple, B. Riley adds.

B. Riley

Buy

downgrade

$47 -> $30

2026-02-23

Reason

B. Riley

Price Target

$47 -> $30

2026-02-23

downgrade

Buy

Reason

B. Riley lowered the firm's price target on Bitmine Immersion to $30 from $47 and keeps a Buy rating on the shares. Price targets for covered Digital Asset Treasuries are being updated to reflect the current market environment, where most DATs largely track their underlying crypto assets, the analyst tells investors in a research note. Firms that diversify into fee-generating or operational businesses-such as staking, lending, custody, or trading infrastructure-tend to have more durable valuations, as recurring revenue can partially hedge against crypto volatility and support stable cash-flow-based multiples, the firm says.

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About BMNR

Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. The Company’s business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Bitmine Acquires Pier Two to Enhance Ethereum Staking Capacity

2 days agoseekingalpha

Strategic Acquisition: Bitmine Immersion Technologies has officially acquired leading non-custodial validator operator Pier Two to power its newly launched MAVAN (Made in America Validator Network), enabling Bitmine to capture the full stack of Ethereum rewards by integrating Pier Two's infrastructure.
Full-Stack Reward Capture: This acquisition allows Bitmine to transition its massive treasury away from third-party providers, combining its $6.8 billion staked ETH position with Pier Two's institutional-grade infrastructure, thereby enhancing its revenue potential.
Annualized Reward Projections: Following full integration, Bitmine projects its annualized staking rewards to approach $300 million, reflecting not only its ambitions in the Ethereum staking market but also its competitive edge within the industry.
Market Leadership: Through this acquisition, Bitmine aims to become the world's largest Ethereum staking platform, further solidifying its leadership position in the rapidly evolving cryptocurrency market and attracting more investor interest in its business growth.

US Pre-market Stock Update: Cryptocurrency Stocks Mostly Decline, BMNR Falls More Than 4%

3 days agomoomoo

Market Decline: U.S. pre-market cryptocurrency-related stocks experienced a decline across the board, indicating a negative trend in the market.
Notable Stock Drops: Significant drops were observed in various stocks, including Bitmine (down 4.05%), Sharplink Gaming (down 3.98%), and Circle (down 3.04%).
Additional Stock Performance: Other stocks such as Bullish (down 2.97%), Riot Platforms (down 2.90%), and Mara Holdings (down 2.78%) also reported losses.
MicroStrategy's Decline: MicroStrategy saw a decrease of 2.11%, contributing to the overall downturn in cryptocurrency-related stocks.

Bitmine Launches MAVAN, Targeting Institutional Ethereum Staking

4 days agoYahoo Finance

Platform Launch: Bitmine has introduced MAVAN, an Ethereum staking platform built on its existing validator infrastructure, targeting custodians, exchanges, and institutional investors seeking U.S.-based validator support, thereby expanding its market presence.
Staking Scale: Bitmine currently holds 4.66 million ETH, representing 3.86% of the total supply, with 3.14 million ETH already staked, valued at approximately $6.8 billion at current prices, highlighting its significant position within the Ethereum ecosystem.
Migration Plans: Over the past week, the company staked 101,776 ETH worth about $219 million to MAVAN and plans to migrate nearly all remaining unstaked ETH to the platform in the coming weeks, which is expected to significantly enhance its staked asset base.
Yield Projections: Once fully migrated, Bitmine projects annual staking rewards of nearly $300 million based on a 2.83% seven-day yield, which will provide substantial cash flow and strengthen its competitive position in the market.