Big crypto move alert! 🧠 Bit Digital (BTBT), once a major Bitcoin miner, just said “bye-bye BTC” and is going all-in on Ethereum staking.
Here’s the scoop:
➡️ Bit Digital is selling off all its Bitcoin mining rigs. Why? Mining is getting brutal (thanks, halving 👋), and margins are razor-thin—even with BTC mooning.
➡️ They’re flipping that cash into ETH bags and staking them instead. Smart or risky? Time will tell, but it’s bold.
➡️ As of March, they already stacked 24,434 ETH (~$44M) and plan to convert the rest of their BTC too.
➡️ To go even harder, they’re selling shares to buy more $ETH
➡️ Their side hustle? WhiteFiber (HPC unit) is aiming for a public debut. 👀
BTC ratio might be low, but Bit Digital sees a long-term play here—less grind, more passive rewards from staking.
Quick takeaway: While others chase Bitcoin highs, Bit Digital is betting on Ethereum’s future—and staking their claim early.
🔥 What do YOU think—genius pivot or risky gamble? Drop a comment below!
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