BitMine Launches Ethereum Staking Network Despite Market Volatility

Amidst a downturn in the cryptocurrency market, BitMine, a significant crypto treasury company with substantial Ether holdings, is preparing to launch its own Ethereum staking network known as the ‘Made in America Validator Network’ (MAVAN). This move aims to secure the Ethereum Proof-of-Stake (PoS) network and generate rewards for shareholders. The network is currently being tested with three infrastructure providers and targets a 2026 first quarter launch. BitMine’s strategic initiative reflects their commitment to expanding its presence within the staking ecosystem despite the ongoing market challenges.