Bitmine Immersion Deepens Ethereum Bet As MAVAN And Institutions Gather

February 24, 2026

Bitmine Immersion Technologies (NYSEAM:BMNR) now controls more than 3.6% of all Ethereum as it builds out a large ETH position.
The company is preparing to launch its MAVAN staking infrastructure, focused on Ethereum staking at scale.
Major institutional investors have recently increased their positions in BMNR, pointing to growing interest in its Ethereum-centric approach.

Bitmine Immersion Technologies, trading at $19.22, has experienced mixed returns, with the share price up 163.4% over…

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