🚹 Bit Digital Raises $150M to Go All-In on Ethereum Staking! đŸ”„

$RNDR $GRT

Bit Digital just raised $150M via public offering as it shifts from Bitcoin mining to Ethereum staking and financial services — a major pivot for the public crypto firm.


📊 Deal Breakdown:




75M shares priced at $2 each




Option for 11.25M more shares




Funds to be used to accumulate ETH — one of the largest Ethereum commitments by a public company to date!




đŸ’Œ Bit Digital is also phasing out its mining ops and has filed a confidential IPO for its HPC subsidiary, WhiteFiber Inc.


⚡ Why this matters:




Reflects growing institutional confidence in Ethereum’s proof-of-stake model




Signals the rise of staking as a revenue engine vs. mining




Are we witnessing the great “mining to staking” rotation?


#BitDigital #Ethereum #ETHStaking #CryptoShift #BitcoinMining #IPO