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flag BitMine Immersion shifts to U.S. Ethereum staking network, reports $328M profit, and pays first dividend despite crypto losses.

flag BitMine Immersion (BMNR) announced a strategic shift from pure crypto mining to building a U.S.-based Ethereum validator network, MAVAN, set for launch in Q1 2026. flag The company reported $328 million in fiscal 2025 net income and declared its first annual dividend of $0.01 per share. flag Despite a $3.7 billion unrealized loss from ETH’s price drop, institutional investors including ARK Invest and Citadel increased stakes in Q3, signaling confidence. flag BMNR is testing three staking providers ahead of scaling its own network, aiming to generate staking rewards and support long-term shareholder value amid a challenging crypto market.

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