Bit Digital will fully transform into an Ethereum staking and treasury company, gradually exiting its bitcoin mining business
2025-06-25 21:53:15
Bit Digital (code: BTBT), a US-listed company, announced a strategic transformation. It plans to phase out its bitcoin mining business and gradually convert its holdings of BTC into ETH, focusing on Ethereum staking and asset allocation, becoming a "pure Ethereum staking and treasury company". The company will sell shares and spin off its high-performance computing subsidiary WhiteFiber to raise funds to buy more ETH. As of the end of March this year, Bit Digital had held more than 24,000 ETH and 417 BTC, and operated one of the world's largest institutional Ethereum staking infrastructures.
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