Bit Digital Announces Transition from Bitcoin Mining to Ethereum-Focused Strategy

Bit Digital (BTBT), a publicly traded digital asset firm, has announced that it will wind down its Bitcoin (BTC) mining operations and transition into an Ethereum (ETH) staking and treasury management company. This decision marks the end of an era for the firm, which has Bitcoin mining operations across the US, Canada, and Iceland. The shift reflects a growing recognition of Ethereum’s economic advantages. Bit Digital Steps Away from Bitcoin, Shifts Entire Focus to Ethereum According to the press release, Bit Digital’s strategic pivot also involves selling off its BTC holdings and redeploying the proceeds into Ethereum source: https://beincrypto.com/bitdigital-shifts-to-ethereum-strategy/