Bitmine acquires Pier Two into its MAVAN staking platform
Pier Two published on 25 March 2026 that Bitmine Immersion Technologies had wholly acquired Pier Two Holdings Pty Ltd and that the team would join Bitmine's Made in America Validator Network (MAVAN). Bitmine's SEC disclosure dated the acquisition 24 March 2026 via MAVAN Holdings LLC (formerly Standard Validator LLC), with total consideration around $27.8 million in cash, stock, deferred payments, and earnouts. Pier Two and Bitmine told Lido governance that validator operations would continue under the MAVAN operator name with the existing Pier Two team and infrastructure.