Pier Two joins MAVAN (a Bitmine Immersion Technologies company)

Node Operators
1

Dear Lido community,

We are writing to inform the DAO that Pier Two has been acquired by Bitmine Immersion Technologies and will now operate as part of MAVAN.

For more information, read the full announcement: Pier Two is Joining MAVAN, a Bitmine Company.

What is changing

  • Former operator name: Pier Two

  • New operator name: MAVAN (a Bitmine company)

  • Parent company: Bitmine Immersion Technologies, Inc.

What is NOT changing

  • Our commitment to the Lido protocol. We intend to remain an active participant in the Curated Module (formerly Curated Operator Set) and continue to meet all associated performance and operational obligations.

  • Infrastructure and operations. Our validator infrastructure, monitoring systems, key management practices, and operational procedures remain in place and are unchanged.

  • Team. The core engineering and operations team responsible for running Lido validators continues in their roles under MAVAN.

  • Performance standards. We will continue to uphold the same reliability and performance expectations the Lido community has come to expect from Pier Two.

We remain fully committed to the Lido ecosystem and look forward to continuing to serve the protocol.

On behalf of MAVAN (a Bitmine company)

2

On behalf of Bitmine Immersion Technologies, we are pleased to announce that Bitmine has acquired Pier Two, including its team and infrastructure. Pier Two will join Bitmine as part of MAVAN.

We are fully committed to supporting MAVAN’s continued participation in the Lido Curated Module. Lido is a critical part of the Ethereum staking ecosystem, and MAVAN’s role as a node operator within the protocol is a key component of our broader digital infrastructure strategy.

Our commitment

  • Operational continuity. We have retained the Pier Two team and infrastructure in full. There has been no disruption to validator operations and none is planned.

  • Investment in growth. Bitmine brings additional resources — capital, infrastructure, and institutional support — that strengthen MAVAN’s ability to operate at the highest standards within the Lido protocol.

  • Long-term alignment. We view participation in the Lido Curated Module as a long-term commitment, not a transitional arrangement. We intend to remain active, reliable contributors to the protocol.

We welcome any questions from the Lido community.

Young Kim COO & CFO, Bitmine Immersion Technologies

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