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
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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.
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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.
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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