Bit Digital has exited Bitcoin mining to concentrate on Ethereum staking and artificial intelligence (AI) infrastructure, aiming for steady long-term yields. The company has sold all its Bitcoin mining assets and shifted its operations to focus on Ethereum, which now serves as its core balance sheet asset. Bit Digital has consolidated its crypto holdings into Ethereum, acquiring nearly $200 million worth of ETH, with over 153,000 tokens staked on Ethereum's proof-of-stake network. In addition to Ethereum staking, Bit Digital is expanding into AI and high-performance computing. The company launched Bit Digital AI to meet the growing demand for computing power, viewing AI infrastructure as a stable revenue source. Its subsidiary, WhiteFiber, raised nearly $160 million through an IPO, enhancing Bit Digital's exposure to AI infrastructure. This strategic pivot reflects a broader industry trend of prioritizing compute and data infrastructure over traditional mining operations.
Bit Digital Exits Bitcoin Mining, Focuses on Ethereum Staking and AI
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