BitMine reported a $328M profit. It plans to launch MAVAN for ETH staking in Q1 2026, expanding its strategy beyond accumulation.
BitMine, a crypto treasury company, made a significant announcement. The firm stacks up both Ether and Bitcoin. On Friday, it announced the plans to launch the “Made in America Validator Network” (MAVAN). This network will stake its large holdings of ETH. This is a new strategic direction for the company.
MAVAN ETH Staking Set for Early 2026 Debut
The company is currently running a pilot of MAVAN. This consists of three staking infrastructure providers. This preparation is before the official launch. The launch is scheduled in the first quarter of 2026. This information comes from an announcement from BitMine recently.
$BMNR BitMine Immersion – Earnings: EPS $13.39, Net Income $328 Million, Dividend Announced
Price Targets: $40.36, $56.05
BMNR will be staking ETH in 1Q26.
BMNR is showing some minor price stabilization today, but overall has been in a downtrend.
The first target is to… pic.twitter.com/zMgevQKE3j
— Donald Dean (@donaldjdean) November 21, 2025
Staking tokens is a very important process. It proves Proof-of-Stake (PoS) blockchains. This action is effective for securing the networks. It is also a revenue-generating event for participants. This revenue is in the form of staking rewards. These rewards are paid in the native token of the blockchain network. In this particular case, the rewards are in ETH.
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BMNR is BitMine Immersion’s ticker. The company had an earnings per share of $13.39. Meanwhile, its net income amounted to $328 million. It was also announced that a dividend would be paid. Price targets for BMNR are $40.36 and $56.05.
However, ETH Staking by BMNR will start in Q1 of 2026. The stock has minor price stabilization today. However, it has been in a downtrend in general. A first area for attack is to take back the $40 area. This was resistance and support in the previous. After that, $56.05 at the 618 fib level is the next target.
BitMine Immersion (BMNR) is the biggest Ethereum-focused digital asset treasury (DAT) company. It is managed by Wall Street veteran Thomas Lee. The firm has high unrealized losses. These are based on its huge bet on Ether (ETH), which is now valued at around $2,749.31. Some analysts warn about the structural problems in the company that suggest challenges despite its profits. These losses are said to be around $4 billion.
Pioneering Dividend Payout and Long-Term ETH Strategy
This strategic move will increase BitMine’s strategy. It is not just a matter of accumulation. It has to do with putting its growing ETH holdings to work. Further, this will be done through secure US-based staking operations.
BitMine also declared an annual dividend of 1 cent per share. This makes the company a pioneer. It is the first crypto giant to pay a dividend to shareholders.
On the other hand, backed by major investors such as ARK, Founders Fund, and Pantera, BitMine is further strengthening its long-term take on Ethereum. As a result, its holdings are now exceeding 3.5 million ETH. Blockchain data suggests the firm has been quietly adding more in recent market turbulence, which indicates continued confidence.
In addition, this financial update is coming at a time when the company is gearing up for a major expansion. BitMine unveiled plans to launch its Made in the USA Validator Network (MAVAN). This ETH Staking service is set for the first quarter of 2026.
Moreover, BitMine is testing the service with three large staking providers. This is to strengthen its own staking infrastructure. The company’s strategy is aimed at generating revenue. This is done using various crypto operations.
Lastly, these include Bitcoin mining, consulting services, and long-term ETH staking yields. While the company has had positive results recently, it has faced challenges in the market. These include serious unrealized losses from its Ethereum holdings. It also experienced a drastic fall in its stock value. This is mainly because of the decline in Ethereum’s market performance.