Bit Digital, a Nasdaq-listed BTC mining firm, is pivoting its strategy to concentrate on Ethereum. The company plans to scale down its Bitcoin mining operations and transition into an Ethereum staking and accumulation-focused business. As of the end of March, Bit Digital reported holding a substantial 24,434.2 ETH alongside 417.6 BTC. A key aspect of their new strategy involves converting their existing BTC holdings into ETH, signaling a strong commitment to the Ethereum ecosystem. Bit Digital has been actively accumulating and staking ETH since 2022, demonstrating a long-term belief in Ethereum's potential. This shift reflects the evolving landscape of cryptocurrency and the increasing prominence of Ethereum in decentralized finance (DeFi) and other blockchain applications. ```
Bit Digital Shifts Focus: From Bitcoin Mining to Ethereum Staking
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