Bit Digital Pivots From Bitcoin Mining As Revenue Drops, Moves To Ethereum Staking
Bit Digital, a New York-based crypto miner listed on NASDAQ as BTBT, has announced a bold pivot. The firm is exiting all its Bitcoin mining operations to become a pure-play Ethereum staking and treasury company. With existing holdings of 24,434 ETH and 417.6 BTC, Bit Digital plans to sell its Bitcoin assets and convert proceeds into ETH, […]