Summary
- BitMine said it will build Ethereum (ETH) staking infrastructure in Q1 next year.
- BitMine plans to fully enter the institutional staking market through the launch of a validator network (MAVAN) in the United States.
- It said the staking infrastructure launch is analyzed to also affect BitMine's securing of new revenue sources.
BitMine will start building Ethereum (ETH) staking infrastructure in Q1 next year. Through the launch of a US-based validator network, it is expected to make an official entry into the institutional staking market.
On the 21st (local time), according to crypto asset (cryptocurrency) specialist media CryptoBriefing, BitMine plans to launch 'MAVAN (Made-in-America Validator Network)' in early 2026. MAVAN is a validator network operated in the United States and will be used as infrastructure to provide Ethereum staking services.
BitMine is said to have set a strategy to respond to increasing staking demand from institutional investors in a regulation-friendly environment through this business expansion.
Meanwhile, the company reported solid results, recording a net profit of $328 million in Q3 this year. It is analyzed that the staking infrastructure launch will also affect BitMine's securing of new revenue sources.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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