Bitcoin mining is becoming less of a sexy story

Even businesses like #AI and #HPC are gradually becoming burdens and liabilities.

Now, the earliest company to pivot to Bitcoin mining, $BTBT (Bit Digital), can no longer bear it.

Bit Digital has just announced:

Gradually exiting Bitcoin mining

Converting its $BTC into $ETH

Transforming into a "pure Ethereum staking and treasury company"

Bit Digital plans to sell stocks and spin off its HPC subsidiary White Fiber

Converting all funds into ETH to pursue staking returns.

As of the end of March 2025, BTBT has already held over 24,000 ETH,

And is running one of the largest institutional-grade ETH staking facilities in the world.

From Bitcoin mining to Ethereum treasury, this is quite a significant pivot.