Bitmine Shareholders' Meeting to Vote on MAVAN Network Plan, ETH Staking Volume Has Exceeded $400 Million

Bitmine will hold its annual shareholders’ meeting on January 15, 2026, during which shareholders will vote on proposals related to the Ethereum Validator Network MAVAN. According to the latest announcement, this meeting will involve four major voting items: election of 8 new directors, amendments to the company’s articles of incorporation, approval of the incentive plan, and executive compensation schemes.

Impressive Staking Results, Annual Fee Income May Exceed $370 Million

As of December 28, 2025, through collaborations with three staking service providers, Bitmine has accumulated 408,627 ETH staked, equivalent to approximately 1.2 billion RMB. From a business operation perspective, this scale is among the industry leaders.

At the current price, with ETH fluctuating around $3.16K, the value of 408,627 ETH remains at a quite substantial level. More importantly, company chairman Tom Lee revealed that once the MAVAN network is officially operational and all staked assets are integrated, annual ETH staking fee income could reach $374 million, indicating that Bitmine is building a stable passive income pipeline.

MAVAN Commercialization Sprint in 2026

Bitmine’s proprietary validator network MAVAN (Made-in-USA Validator Network) is in its final sprint. The network is expected to officially launch commercial operations in 2026, integrating the company’s existing staked assets and node resources from partners to form a complete Ethereum validation ecosystem.

This move marks Bitmine’s transition from a simple staking service provider to an infrastructure provider. By controlling the validator network, the company can not only improve service stability but also gain greater influence within the Ethereum ecosystem.

Four Major Topics at the Shareholders’ Meeting

In addition to strategic confirmation related to the MAVAN network, the voting agenda for this shareholders’ meeting also includes: eight new director candidates for corporate governance, amendments to the authorized common stock to accommodate business expansion, and the implementation of the 2025 comprehensive incentive plan to attract and retain core talent.

Among them, a non-binding proposal will be voted on for a special performance-based compensation scheme for the executive chairman, reflecting Bitmine’s emphasis on executive incentive mechanisms.