📢 Bit Digital’s Exit from Bitcoin Mining, Bets on Ethereum Staking 🇺🇸
Nasdaq-listed Bit Digital, known for its Bitcoin mining capabilities, made headlines this week with a bold strategic pivot to Ethereum. It announced its complete exit from Bitcoin mining to focus exclusively on Ethereum staking and treasury operations.
The firm holds 24,434.2 ETH ($44.6 million) and 417.6 BTC ($34.5 million) as of June 28, 2025 and it plans to convert its Bitcoin holdings into Ether and redirect proceeds from selling its mining assets to bolster its Ethereum staking infrastructure.
