News Explorer — Bitcoin Miner Bit Digital Is Pivoting to Ethereum Staking

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Jun 25, 9:23 pm

Coindesk

Bitcoin Miner Bit Digital Is Pivoting to Ethereum Staking

Bit Digital is transitioning to focus solely on Ethereum, with plans to convert its remaining Bitcoin holdings into ETH. To fund this shift, the company is selling off its Bitcoin mining operations and reinvesting the proceeds in Ethereum. The move comes amidst challenges in the mining industry post-BTC halving.

Bit Digital is transitioning to focus solely on Ethereum, with plans to convert its remaining Bitcoin holdings into ETH. To fund this shift, the company is selling off its Bitcoin mining operations and reinvesting the proceeds in Ethereum. The move comes amidst challenges in the mining industry post-BTC halving.

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