BitMine Daily Revenue of 1 Million USD! MAVAN Validator Network Launches in 2026

BitMine plans to launch the MAVAN validator network in early 2026, redirecting $12 billion worth of ETH vaults into staking profits. The company holds 4.11 million ETH, making it the largest public ETH vault. Chairman Thomas Tom Lee estimates that fully staked, annual returns could reach $374 million, with daily earnings exceeding $1 million. Currently, 408,627 ETH have been staked for testing.

From HODLing to Earning: A Strategic Transformation

BitMine’s MAVAN project represents a fundamental shift in crypto asset management strategy. Over the past few years, the company has focused on accumulating Ethereum, currently holding 4,110,525 ETH valued at approximately $120 billion. This “buy-and-hold” approach has made BitMine the world’s largest public ETH vault but has not converted its massive assets into cash flow.

The launch of MAVAN marks a strategic turning point from passive holding to active profit generation. The validator economy is at the core of the entire operation, with rewards paid in Ethereum, influenced by network activity, validator uptime, and earning environment. Lee states, “When BitMine’s ETH is fully staked through MAVAN and its staking partners, the staking yield will reach $374 million annually (using a 2.81% CESR), or over $1 million per day.”

This figure is based on a series of assumptions, including staking most of the treasury funds, maintaining high validator performance under minimal penalties, and stable yields and prices. Even under more conservative scenarios, such a large ETH vault transitioning to staking would generate significant cash flow, improving BitMine’s financial structure.

Currently, BitMine has not yet fully launched. The company has staked 408,627 ETH through third-party staking providers to test MAVAN, preparing for a full rollout in early 2026. This phased approach reduces technical risks while allowing time to build internal validator infrastructure.

Three Competitive Advantages of the MAVAN Network

Scale Advantage: The 4.11 million ETH vault is the largest in the public market and will become a key validator in the Ethereum network after staking.

Made in USA Positioning: Emphasizing compliance and localized operations to meet institutional demands in a regulator-friendly environment.

Vertical Integration Model: Full control over the entire chain from asset holding to validator operation, reducing external dependencies and increasing profit margins.

BitMine continues to increase its Ethereum holdings. The company stated that last week it added 44,463 ETH and claims to be the largest “new capital” buyer of Ethereum. It also reports that its total holdings of cryptocurrencies, cash, and “potential stocks” amount to $13.2 billion, including $1 billion in cash. This ongoing buying strategy demonstrates management’s confidence in Ethereum’s long-term value and provides a larger staking base for MAVAN.

Regulatory Turning Point Creates Historic Opportunities

The timing of BitMine’s MAVAN launch coincides with a major shift in the US cryptocurrency regulatory environment. The “Made in USA” framework falls into a market that has been affected by regulatory trauma related to staking disputes, including the SEC’s 2023 case against Kraken, which resulted in Kraken shutting down its staking service in the US and paying a $30 million fine.

However, under President Trump’s leadership, the SEC has begun to withdraw its civil enforcement actions against Coinbase, part of a broader reflection on crypto enforcement in Washington. This regulatory shift injects favorable momentum into BitMine’s staking business development. The company’s decision to launch MAVAN now demonstrates confidence in the new regulatory environment.

“Made in USA” positioning is not only a compliance strategy but also a market differentiation tactic. In the global staking market, many large validators operate in regulatory gray areas or overseas jurisdictions. As a publicly listed company, BitMine’s establishment of a validator network in the US offers a reliable option for institutional investors seeking compliant staking solutions.

The company’s supporters include ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. Backing from these top-tier institutions not only provides funding but also brings technical, compliance, and market resources. BitMine links these supports to its long-term goal of reaching 5% of Ethereum’s supply, dubbed “Alchemy of 5%.”

Market Position and Investor Focus

As treasury strategies begin to resemble leveraged Ethereum substitutes, liquidity becomes crucial. BitMine states that as of December 26, 2025, its five-day average daily trading volume is approximately $980 million, ranking 47th among US-listed stocks. This high liquidity makes BitMine’s stock a convenient tool for investors to participate in Ethereum staking economics.

Investors will face another key milestone in January. BitMine announced it will hold its annual shareholder meeting on January 15, 2026, at the Wynn Hotel in Las Vegas. The proxy statement submitted outlines voting items including board matters, as well as proposals related to capital structure and incentive plans. This shareholder meeting may provide more details on the MAVAN network’s timeline and technical development.

The success of MAVAN will depend on several critical factors. Technically, validator uptime and performance directly impact returns; any major technical failures or penalties could harm yields. Market-wise, fluctuations in Ethereum’s price and staking yields will affect dollar-denominated actual returns. Competition-wise, as more institutions enter the staking market, validator reward competition may intensify.

However, BitMine’s scale and first-mover advantage provide buffers. As the largest public ETH vault, the company has stronger bargaining power in negotiations with staking providers and exchanges. Its “Made in USA” compliance positioning also creates a differentiated advantage in the institutional market. If MAVAN launches successfully and meets expected yields, BitMine could become a benchmark case in crypto asset management.