BitDigital
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#BitDigital转型 $BTBT completes the strategic transformation to the Ethereum treasury, selling all Bitcoin holdings, raising $172 million to acquire over 100,000 ETH, becoming one of the largest public market holders of ETH! Ethereum's smart contracts and staking yield model help reshape the financial system, promising a bright future! 🚀 #BitDigital #Ethereum #区块链
#BitDigital Reports Revenue Drop Despite
e $ETH Strategy Pivot
Nasdaq-listed Bit Digital posted $25.7
million in Q2 revenue, down 11.7% year-
over-year, as the company transitions from # $BTC mining to its new $ETH treasury strategy. Despite lower revenue, the firm achieved $14.9 million in net income
compared to a $12 million loss last year.The mining segment revenue fell 58.8% to $6.6 million due to increased network difficulty and the April halving event.However, Bit Digital earned 166.8 in #staking rewards during Q2 with 21, 568 actively staked.
CEO Sam Tabar emphasized the
company's transformation into a dedicated Ethereum treasury platform. As of Aug. 11, their active staking position had grown to 105, 015 $ETH , generating a 3.1%
The company aims to build one of the
largest on-chain S balance sheets among public companies while providing attractive staking yields for shareholders
e $ETH Strategy Pivot
Nasdaq-listed Bit Digital posted $25.7
million in Q2 revenue, down 11.7% year-
over-year, as the company transitions from # $BTC mining to its new $ETH treasury strategy. Despite lower revenue, the firm achieved $14.9 million in net income
compared to a $12 million loss last year.The mining segment revenue fell 58.8% to $6.6 million due to increased network difficulty and the April halving event.However, Bit Digital earned 166.8 in #staking rewards during Q2 with 21, 568 actively staked.
CEO Sam Tabar emphasized the
company's transformation into a dedicated Ethereum treasury platform. As of Aug. 11, their active staking position had grown to 105, 015 $ETH , generating a 3.1%
The company aims to build one of the
largest on-chain S balance sheets among public companies while providing attractive staking yields for shareholders
Today's PNL
2025-08-15
-$0
-2.48%
📉 Bit Digital Q2 Revenue Falls, ETH Pivot Gains Traction
Ethereum($ETH ) News
💰 Q2 Financials:
Revenue: $25.7M (↓ 11.7% YoY)
Net Income: $14.9M vs. $12M loss last year
⚒ Mining Impact:
Bitcoin mining revenue: $6.6M (↓ 58.8%)
Drop due to higher network difficulty & April halving
⛓ Ethereum Treasury Shift:
Earned 166.8 ETH in Q2 from staking
21,568 ETH actively staked during the quarter
As of Aug 11: 105,015 ETH staked, generating 3.1% APY
🗣 CEO Insight: Sam Tabar says Bit Digital aims to become one of the largest on-chain ETH treasuries among public companies — delivering attractive staking yields to shareholders.
#Ethereum #ETHStaking #CryptoNews #BitDigital #blockchain
💰 Q2 Financials:
Revenue: $25.7M (↓ 11.7% YoY)
Net Income: $14.9M vs. $12M loss last year
⚒ Mining Impact:
Bitcoin mining revenue: $6.6M (↓ 58.8%)
Drop due to higher network difficulty & April halving
⛓ Ethereum Treasury Shift:
Earned 166.8 ETH in Q2 from staking
21,568 ETH actively staked during the quarter
As of Aug 11: 105,015 ETH staked, generating 3.1% APY
🗣 CEO Insight: Sam Tabar says Bit Digital aims to become one of the largest on-chain ETH treasuries among public companies — delivering attractive staking yields to shareholders.
#Ethereum #ETHStaking #CryptoNews #BitDigital #blockchain
Bit Digital Raises $163M to Boost Ethereum Treasury Strategy
⚡️ In a significant move for the cryptocurrency mining sector, Bit Digital, a leading mining company, has secured $163 million in net proceeds through a stock offering to enhance its Ethereum strategy. 📈 Announced recently, this capital infusion aims to strengthen the company’s position in the Ethereum ecosystem, capitalizing on the network’s growing relevance in decentralized finance (DeFi) and smart contracts. The funds will support infrastructure upgrades, staking operations, and potential treasury diversification, reflecting Bit Digital’s pivot toward Ethereum amid Bitcoin’s dominance. 🌐
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
💻 Bit Digital’s strategy mirrors a broader trend among miners diversifying beyond Bitcoin. With Ethereum’s price recovering from a 69% drop in early 2025 to around $2,739, the network’s $500 billion market cap underscores its appeal. 📊 The $163 million will likely fund advanced mining hardware and energy-efficient solutions, crucial as Ethereum transitions to proof-of-stake post-Merge. Industry experts suggest this could position Bit Digital to capture a larger share of Ethereum’s staking rewards, which have grown with institutional interest in Ethereum ETFs. 🚀
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
🔧 Challenges loom large, however. Ethereum’s volatility, coupled with regulatory uncertainties, poses risks to Bit Digital’s expansion. 📉 The company must navigate energy costs and market corrections, especially as some analysts predict Ethereum could hit $4,000 by year-end, per Standard Chartered’s outlook. Moreover, the stock offering dilutes existing shareholders, a move that has sparked debate on X, where some users praise the long-term vision while others question short-term profitability. 🌍
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
💡 This development coincides with broader crypto trends, including the SEC’s recent approval of Grayscale’s crypto large-cap ETF, which includes Ethereum. Bit Digital’s move could attract investors seeking exposure to Ethereum’s growth without direct mining risks. The company’s leadership has emphasized a balanced approach, blending mining with treasury holdings to mitigate volatility. 📌 With the crypto market cap nudging $3.3 trillion, Bit Digital’s bet on Ethereum signals confidence in altcoins’ future. Will this strategy pay off, or is it a risky gamble in a fluctuating market? The answer lies in Ethereum’s adoption trajectory and Bit Digital’s execution.
#Ethereum #BitDigital #CryptoMining
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
💻 Bit Digital’s strategy mirrors a broader trend among miners diversifying beyond Bitcoin. With Ethereum’s price recovering from a 69% drop in early 2025 to around $2,739, the network’s $500 billion market cap underscores its appeal. 📊 The $163 million will likely fund advanced mining hardware and energy-efficient solutions, crucial as Ethereum transitions to proof-of-stake post-Merge. Industry experts suggest this could position Bit Digital to capture a larger share of Ethereum’s staking rewards, which have grown with institutional interest in Ethereum ETFs. 🚀
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
🔧 Challenges loom large, however. Ethereum’s volatility, coupled with regulatory uncertainties, poses risks to Bit Digital’s expansion. 📉 The company must navigate energy costs and market corrections, especially as some analysts predict Ethereum could hit $4,000 by year-end, per Standard Chartered’s outlook. Moreover, the stock offering dilutes existing shareholders, a move that has sparked debate on X, where some users praise the long-term vision while others question short-term profitability. 🌍
🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂
💡 This development coincides with broader crypto trends, including the SEC’s recent approval of Grayscale’s crypto large-cap ETF, which includes Ethereum. Bit Digital’s move could attract investors seeking exposure to Ethereum’s growth without direct mining risks. The company’s leadership has emphasized a balanced approach, blending mining with treasury holdings to mitigate volatility. 📌 With the crypto market cap nudging $3.3 trillion, Bit Digital’s bet on Ethereum signals confidence in altcoins’ future. Will this strategy pay off, or is it a risky gamble in a fluctuating market? The answer lies in Ethereum’s adoption trajectory and Bit Digital’s execution.
#Ethereum #BitDigital #CryptoMining
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Bit Digital (Nasdaq: BTBT) raised $162.9 million from the issuance of 86.25 million shares, used to purchase Ethereum ($ETH ) and convert 417.6 $BTC (~$44.9 million) to ETH. The company, which has been focused on Ethereum staking and treasury since 2022, currently owns 24,434 ETH (~$59.8 million) and operates a large-scale staking infrastructure. #BitDigital stopped mining Bitcoin, completely switching to ETH, following the trend of BitMine (raised $250 million for ETH). After the announcement, BTBT shares increased by 4%, reaching a market capitalization of $655 million. This move strengthens Ethereum's role in finance, promoting DeFi and blockchain. Risk Warning: Information is for reference only, not investment advice.
🚨 Bit Digital is exiting Bitcoin mining to double down on ETH staking! 🪙💥
The company is shifting its focus, moving away from BTC mining to fully concentrate on Ethereum staking operations.
Big move in the crypto mining space! ⛓️🔗
#Ethereum #ETHStaking #CryptoNews #BitDigital #Blockchain #Crypto$ETH
The company is shifting its focus, moving away from BTC mining to fully concentrate on Ethereum staking operations.
Big move in the crypto mining space! ⛓️🔗
#Ethereum #ETHStaking #CryptoNews #BitDigital #Blockchain #Crypto$ETH
Bit Digital, a Nasdaq-listed company, plans to raise $1 billion to expand its Ethereum holdings, signaling a strategic shift from Bitcoin mining to Ethereum staking and treasury management. With 120,306 ETH valued at $450 million, Bit Digital aims to capitalize on Ethereum's growth potential, leveraging its programmability and staking yield. This move reflects growing institutional adoption of Ethereum #EthereumInvestment #BitDigital
#ETH
#ETH
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Bit Digital's stock fell 19% over the past week (from $2.40 to $1.99) after announcing the issuance of $150 million in stock and shifting from Bitcoin mining to Ethereum staking (CoinGecko, BTC price ~$106,000, ETH ~$2,440, 30/06/2025). Despite the stock price dropping another 4% after the announcement and falling from 12th to 13th in the BTC mining industry, the company remains steadfast in its new strategy. Year-to-date, stock #BitDigital has lost 40% of its value. This move reflects the trend towards DeFi but raises concerns about market share risk.
Risk warning: Information is for reference only and not investment advice.
Risk warning: Information is for reference only and not investment advice.
Bit Digital Swaps BTC for ETH in $172M Treasury Overhaul
Bit Digital has made a bold treasury move—selling off 280 BTC and allocating $172 million to purchase over 100,000 ETH. This shift makes the Nasdaq-listed firm one of the largest public holders of Ethereum.
CEO Sam Tabar says the company is betting big on Ethereum’s long-term value. Bit Digital’s ETH holdings have surged 300% since Q1 2025, signaling a strong pivot away from Bitcoin.
Analysts expect more institutions to follow suit, especially as stablecoins gain traction. With Ethereum dominating the stablecoin infrastructure, experts predict a 10x rise in ETH and SOL treasury adoption by 2026.
Despite recent volatility, ETH remains technically poised for a breakout, currently trading around $2,550.
$ETH $BTC $SOL
#Ethereum #BitDigital #BinanceNews #CryptoShift
CEO Sam Tabar says the company is betting big on Ethereum’s long-term value. Bit Digital’s ETH holdings have surged 300% since Q1 2025, signaling a strong pivot away from Bitcoin.
Analysts expect more institutions to follow suit, especially as stablecoins gain traction. With Ethereum dominating the stablecoin infrastructure, experts predict a 10x rise in ETH and SOL treasury adoption by 2026.
Despite recent volatility, ETH remains technically poised for a breakout, currently trading around $2,550.
$ETH $BTC $SOL
#Ethereum #BitDigital #BinanceNews #CryptoShift
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Bit Digital 'pumps' an additional 71 million USD to acquire ETH, stock price increases by 110%
Bit Digital has recently attracted attention by spending an additional 71 million USD to purchase 19,683 ETH, raising its total Ethereum holdings to over 120,000 $ETH , officially making it one of the top 10 publicly traded companies with the most ETH in the world.
This transaction was carried out right after Bit Digital completed a stock issuance worth 67.3 million USD for institutional investors on July 14. Previously, the company also transferred all 417.6 BTC (~50 million USD) to ETH and successfully raised 163 million USD to expand its treasury #Ethereum .
Beginning its strategy of accumulating and staking ETH in 2022, Bit Digital currently owns one of the largest Ethereum staking infrastructures globally, second only to Coinbase, SharpLink, and BitMine. The company directly operates validators, earns staking yields, and contributes to the security of the Ethereum network.
According to #BitDigital , Ethereum is not only a digital asset but also a core collateral asset for stablecoins, encrypted assets, and decentralized applications, playing a central role in the upcoming on-chain economy.
The massive ETH accumulation along with long-term confidence has helped BTBT stock 'surge' by 110% in just one month, from 1.99 USD at the end of June 2025 to over 4.1 USD before the latest trading session.
Bit Digital has recently attracted attention by spending an additional 71 million USD to purchase 19,683 ETH, raising its total Ethereum holdings to over 120,000 $ETH , officially making it one of the top 10 publicly traded companies with the most ETH in the world.
This transaction was carried out right after Bit Digital completed a stock issuance worth 67.3 million USD for institutional investors on July 14. Previously, the company also transferred all 417.6 BTC (~50 million USD) to ETH and successfully raised 163 million USD to expand its treasury #Ethereum .
Beginning its strategy of accumulating and staking ETH in 2022, Bit Digital currently owns one of the largest Ethereum staking infrastructures globally, second only to Coinbase, SharpLink, and BitMine. The company directly operates validators, earns staking yields, and contributes to the security of the Ethereum network.
According to #BitDigital , Ethereum is not only a digital asset but also a core collateral asset for stablecoins, encrypted assets, and decentralized applications, playing a central role in the upcoming on-chain economy.
The massive ETH accumulation along with long-term confidence has helped BTBT stock 'surge' by 110% in just one month, from 1.99 USD at the end of June 2025 to over 4.1 USD before the latest trading session.
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🚀 BitDigital shifts treasury strategy – from BTC to ETH >100K ETH
🔹 Bit Digital (NASDAQ: BTBT) has just completed its treasury asset transition strategy: it sold approximately 280 BTC and used 172 million USD from a stock issuance to purchase additional ETH, increasing its inventory to ~100,603 ETH, nearly ~4 times compared to 24,434 ETH in Q1 2025.
📈 Market reaction: BTBT shares rose over 29% in one day, with trading volume surging after this news.
🧭 Motivations for the transition:
According to CEO Sam Tabar, ETH possesses advantages of smart contracts, staking, and programmability – shaping the future digital financial system.
Bit Digital began building staking and validation infrastructure in 2022, now aiming to become one of the largest holders of ETH in the world.
🔍 General trend:
ETH is attracting institutional capital, with over 11 consecutive weeks of inflows into related funds.
Companies like SharpLink and BitMine are also expanding their ETH reserves – confirming the trend of corporate treasury shifting from BTC to ETH.
🎯 In summary: Bit Digital is a living testament to the “Ethereum treasure” movement – leveraging benefits from staking and DeFi. If you are looking towards the future of ETH, keep an eye on developments from treasury companies gradually shifting from Bitcoin!
#Ethereum #ETH #TreasuryStrategy #BitDigital #BinanceSquare
🔹 Bit Digital (NASDAQ: BTBT) has just completed its treasury asset transition strategy: it sold approximately 280 BTC and used 172 million USD from a stock issuance to purchase additional ETH, increasing its inventory to ~100,603 ETH, nearly ~4 times compared to 24,434 ETH in Q1 2025.
📈 Market reaction: BTBT shares rose over 29% in one day, with trading volume surging after this news.
🧭 Motivations for the transition:
According to CEO Sam Tabar, ETH possesses advantages of smart contracts, staking, and programmability – shaping the future digital financial system.
Bit Digital began building staking and validation infrastructure in 2022, now aiming to become one of the largest holders of ETH in the world.
🔍 General trend:
ETH is attracting institutional capital, with over 11 consecutive weeks of inflows into related funds.
Companies like SharpLink and BitMine are also expanding their ETH reserves – confirming the trend of corporate treasury shifting from BTC to ETH.
🎯 In summary: Bit Digital is a living testament to the “Ethereum treasure” movement – leveraging benefits from staking and DeFi. If you are looking towards the future of ETH, keep an eye on developments from treasury companies gradually shifting from Bitcoin!
#Ethereum #ETH #TreasuryStrategy #BitDigital #BinanceSquare
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🚀 #BitDigital large pivot – from BTC to ETH treasury!
🔹 On July 7, 2025, Bit Digital announced it had sold all 280 BTC and used 172 million USD – from stock issuance – to buy more ETH, increasing the total amount of ETH to 100,603 ETH, ranking second among listed companies (only behind Coinbase).
🔹 CEO Samir Tabar stated:
"We have exited the profitable Bitcoin mine and poured everything into Ethereum... ETH has the potential to rewrite the financial system."
📈 Market reaction:
– BTBT shares rose ~29% on the day, market capitalization returning to over 1 billion USD.
– ETH also increased approximately +22% in the last 2 weeks, but BTC has somewhat lagged behind ETH.
🔍 Why is it noteworthy?
Bit Digital follows the trend of "Ethereum treasury" similar to SharpLink, BitMine… asserting that Ethereum is being trusted and held long-term by organizations.
ETH is not only a reserve asset but also an ecosystem for staking, DeFi & real-world assets, suitable for corporate treasury.
🔔 Conclusion: This is clear evidence of the "ETH treasury" trend among businesses – not only Bitcoin but Ethereum is now considered a "blue-chip digital financial chain". If you are monitoring corporate treasury movements, Bit Digital is a noteworthy case study for entering a long-term ETH position.
#Ethereum #ETH #TreasuryStrategy #BitDigital
🔹 On July 7, 2025, Bit Digital announced it had sold all 280 BTC and used 172 million USD – from stock issuance – to buy more ETH, increasing the total amount of ETH to 100,603 ETH, ranking second among listed companies (only behind Coinbase).
🔹 CEO Samir Tabar stated:
"We have exited the profitable Bitcoin mine and poured everything into Ethereum... ETH has the potential to rewrite the financial system."
📈 Market reaction:
– BTBT shares rose ~29% on the day, market capitalization returning to over 1 billion USD.
– ETH also increased approximately +22% in the last 2 weeks, but BTC has somewhat lagged behind ETH.
🔍 Why is it noteworthy?
Bit Digital follows the trend of "Ethereum treasury" similar to SharpLink, BitMine… asserting that Ethereum is being trusted and held long-term by organizations.
ETH is not only a reserve asset but also an ecosystem for staking, DeFi & real-world assets, suitable for corporate treasury.
🔔 Conclusion: This is clear evidence of the "ETH treasury" trend among businesses – not only Bitcoin but Ethereum is now considered a "blue-chip digital financial chain". If you are monitoring corporate treasury movements, Bit Digital is a noteworthy case study for entering a long-term ETH position.
#Ethereum #ETH #TreasuryStrategy #BitDigital
🚨 Big news in the crypto world! 🚨
Public miner Bit Digital is shutting down its BTC mining operations to focus on ETH staking. 🔴
This marks a major shift as the company pivots towards Ethereum’s Proof-of-Stake model. 📉➡️📈
#CryptoNews #BitDigital #ETHStaking #Bitcoin #Ethereum #Blockchain$ETH
Public miner Bit Digital is shutting down its BTC mining operations to focus on ETH staking. 🔴
This marks a major shift as the company pivots towards Ethereum’s Proof-of-Stake model. 📉➡️📈
#CryptoNews #BitDigital #ETHStaking #Bitcoin #Ethereum #Blockchain$ETH
BREAKING: Ripple applies for a U.S. National Bank License, a game-changer for cross-border payments, aligning with the OCC's 2025 clarification allowing crypto activities without prior approval.
With a 95% chance of an XRP ETF approval in 2025 per Bloomberg, and $XRP consolidating at $2-$2.35, the market's buzzing.
This move echoes Trump's March 2025 bitcoin reserve order, signaling a bold U.S. shift toward crypto integration.
#BitDigital
#CircleIPOCircle
#Circle
With a 95% chance of an XRP ETF approval in 2025 per Bloomberg, and $XRP consolidating at $2-$2.35, the market's buzzing.
This move echoes Trump's March 2025 bitcoin reserve order, signaling a bold U.S. shift toward crypto integration.
#BitDigital
#CircleIPOCircle
#Circle
Bit Digital raises $21.4M through share offerings
#BitDigital secures $21.4M through share offerings, bringing total proceeds to $162.9M, which it plans to use to purchase #Ethereum as it transitions away from #Bitcoin mining. Additionally, Bit Digital announced plans to gradually convert its $BTC holdings, approximately 417.6 $BTC valued at around $44.9M, into $ETH .
👉 theblock.co/post/360718/bit-digital-share-offering-ethereum-treasury
#BitDigital secures $21.4M through share offerings, bringing total proceeds to $162.9M, which it plans to use to purchase #Ethereum as it transitions away from #Bitcoin mining. Additionally, Bit Digital announced plans to gradually convert its $BTC holdings, approximately 417.6 $BTC valued at around $44.9M, into $ETH .
👉 theblock.co/post/360718/bit-digital-share-offering-ethereum-treasury
Bit Digital Pivots to Ethereum Staking, Ends Bitcoin Mining
Bit Digital exits Bitcoin mining to focus on Ethereum staking.
Q1 2025 Bitcoin mining revenue dropped 64% to $7.8 million.Company holds 24,434.2 ETH, valued at $44.6 million.Public offering proceeds will fund Ethereum treasury expansion.WhiteFiber subsidiary plans IPO, adding market uncertainty.
Bit Digital’s Strategic Shift to Ethereum
Bit Digital, a Nasdaq-listed digital asset firm, announced a complete transition from Bitcoin mining to Ethereum staking and treasury management on June 25, 2025. The company plans to sell or wind down its Bitcoin mining operations across the United States, Canada, and Iceland. Proceeds will fund Ethereum purchases to bolster its staking infrastructure.
The decision follows a 64% drop in Bitcoin mining revenue in Q1 2025, generating only $7.8 million compared to the previous year. The company mined 83.3 Bitcoin, an 80% decrease from Q1 2024. Rising energy costs and reduced block rewards after the April 2024 Bitcoin halving squeezed profitability.
Ethereum’s proof-of-stake model, implemented in September 2022, offers 4-6.5% annual yields through staking. Bit Digital began accumulating ETH in 2022 and now holds 24,434.2 ETH, valued at $44.6 million, and 417.6 BTC, worth $34.5 million, as of March 31, 2025. The firm will gradually convert its Bitcoin holdings into Ethereum.
Financial and Operational Impacts
Bit Digital’s pivot aligns with Ethereum’s growing institutional appeal. The company operates one of the largest Ethereum staking infrastructures globally, focusing on validator services, custody, and yield optimization. The shift aims to secure stable returns without the high costs of mining equipment and energy.
The company reported a 17% revenue decline to $25.1 million in Q1 2025, driven by the Bitcoin mining slump. However, its cloud services revenue surged 84%, signaling strength in its computing division. Bit Digital also announced a public offering of ordinary shares to fund Ethereum acquisitions.
The firm’s stock fell 10% in after-hours trading following the announcement. The proposed initial public offering of its subsidiary, WhiteFiber, added investor uncertainty. The IPO’s success depends on market conditions and SEC approval.
Bit Digital’s Bitcoin mining operations face a strategic review, likely leading to a sale or shutdown. The company aims to redirect resources to Ethereum-native services, capitalizing on the network’s long-term potential.
The move reflects broader industry trends toward proof-of-stake models. Ethereum’s staking mechanism provides predictable yields, unlike Bitcoin’s energy-intensive proof-of-work system. Bit Digital’s transition positions it to compete in the growing institutional staking market.
#EthereumStaking #BitDigital #BitcoinMining #CryptoNews #Blockchain
Q1 2025 Bitcoin mining revenue dropped 64% to $7.8 million.Company holds 24,434.2 ETH, valued at $44.6 million.Public offering proceeds will fund Ethereum treasury expansion.WhiteFiber subsidiary plans IPO, adding market uncertainty.
Bit Digital’s Strategic Shift to Ethereum
Bit Digital, a Nasdaq-listed digital asset firm, announced a complete transition from Bitcoin mining to Ethereum staking and treasury management on June 25, 2025. The company plans to sell or wind down its Bitcoin mining operations across the United States, Canada, and Iceland. Proceeds will fund Ethereum purchases to bolster its staking infrastructure.
The decision follows a 64% drop in Bitcoin mining revenue in Q1 2025, generating only $7.8 million compared to the previous year. The company mined 83.3 Bitcoin, an 80% decrease from Q1 2024. Rising energy costs and reduced block rewards after the April 2024 Bitcoin halving squeezed profitability.
Ethereum’s proof-of-stake model, implemented in September 2022, offers 4-6.5% annual yields through staking. Bit Digital began accumulating ETH in 2022 and now holds 24,434.2 ETH, valued at $44.6 million, and 417.6 BTC, worth $34.5 million, as of March 31, 2025. The firm will gradually convert its Bitcoin holdings into Ethereum.
Financial and Operational Impacts
Bit Digital’s pivot aligns with Ethereum’s growing institutional appeal. The company operates one of the largest Ethereum staking infrastructures globally, focusing on validator services, custody, and yield optimization. The shift aims to secure stable returns without the high costs of mining equipment and energy.
The company reported a 17% revenue decline to $25.1 million in Q1 2025, driven by the Bitcoin mining slump. However, its cloud services revenue surged 84%, signaling strength in its computing division. Bit Digital also announced a public offering of ordinary shares to fund Ethereum acquisitions.
The firm’s stock fell 10% in after-hours trading following the announcement. The proposed initial public offering of its subsidiary, WhiteFiber, added investor uncertainty. The IPO’s success depends on market conditions and SEC approval.
Bit Digital’s Bitcoin mining operations face a strategic review, likely leading to a sale or shutdown. The company aims to redirect resources to Ethereum-native services, capitalizing on the network’s long-term potential.
The move reflects broader industry trends toward proof-of-stake models. Ethereum’s staking mechanism provides predictable yields, unlike Bitcoin’s energy-intensive proof-of-work system. Bit Digital’s transition positions it to compete in the growing institutional staking market.
#EthereumStaking #BitDigital #BitcoinMining #CryptoNews #Blockchain
See original
Bit Digital announces a strategic transition and becomes a company specializing exclusively in staking and treasury management of Ethereum.
The firm owns 24,434,$ETH and 417,$BTC and plans to convert Bitcoin assets into Ethereum while simultaneously winding down mining operations.
#BTC #ETH #bitdigital
The firm owns 24,434,$ETH and 417,$BTC and plans to convert Bitcoin assets into Ethereum while simultaneously winding down mining operations.
#BTC #ETH #bitdigital
🚨 ETH Maxis Winning?
Bit Digital has officially sold ALL their Bitcoin (~$28M) and gone all-in on Ethereum, buying $192.9M worth of $ETH after raising ~$172M in a public offering.
🔹 Total ETH holdings: $254.8M
🔹 Zero BTC left.
This bold move makes Bit Digital one of the largest corporate holders of Ethereum. Is this a strategic pivot toward ETH’s staking yields and ETF momentum — or a signal of shifting tides in institutional crypto bets?
#Ethereum #ETH #BitDigital #bitcoin #CryptoMoves
Bit Digital has officially sold ALL their Bitcoin (~$28M) and gone all-in on Ethereum, buying $192.9M worth of $ETH after raising ~$172M in a public offering.
🔹 Total ETH holdings: $254.8M
🔹 Zero BTC left.
This bold move makes Bit Digital one of the largest corporate holders of Ethereum. Is this a strategic pivot toward ETH’s staking yields and ETF momentum — or a signal of shifting tides in institutional crypto bets?
#Ethereum #ETH #BitDigital #bitcoin #CryptoMoves
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