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    Home»Altcoins»Crypto Firm Abandons Bitcoin Mining to Focus Solely on Ethereum Staking
    Crypto Firm Abandons Bitcoin Mining to Focus Solely on Ethereum Staking
    Altcoins

    Crypto Firm Abandons Bitcoin Mining to Focus Solely on Ethereum Staking

    By Crypto EditorJune 26, 2025No Comments2 Mins Read
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    Crypto infrastructure agency Bit Digital is making a daring strategic pivot, abandoning Bitcoin mining fully in favor of Ethereum staking and asset administration.

    The corporate introduced that it’s going to regularly wind down its Bitcoin operations and redeploy these sources into Ethereum, marking a uncommon full-scale transition in an trade nonetheless largely dominated by Bitcoin-focused operations.

    Bit Digital started staking Ethereum in 2022 and has since grown its infrastructure into one of many largest enterprise-grade Ethereum staking platforms globally. Past staking, the corporate provides providers in validator operations, institutional custody, yield optimization, and governance consulting for Ethereum protocols.

    As of March 2025, Bit Digital held 24,434 ETH—valued at roughly $44.6 million—alongside 417 BTC, price round $34.5 million. The corporate intends to totally convert its remaining Bitcoin holdings into Ethereum over time, solidifying its long-term alignment with the Ethereum ecosystem.

    This transfer comes as few crypto corporations have embraced Ethereum-centric treasury methods. Bit Digital’s plan attracts comparisons to SharpLink, a earlier initiative backed by Consensys founder Joe Lubin, which additionally targeted on ETH as a strategic reserve asset.

    To fund this transformation, Bit Digital has launched a brand new IPO geared toward accelerating its Ethereum acquisition. Moreover, the corporate will spin off its high-performance computing arm, WhiteFiber Inc., right into a separate public providing—additional reinforcing its dedication to a targeted, Ethereum-first roadmap.

    Crypto Firm Abandons Bitcoin Mining to Focus Solely on Ethereum Staking
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    With over 8 years of expertise within the cryptocurrency and blockchain trade, Alexander is a seasoned content material creator and market analyst devoted to creating digital belongings extra accessible and comprehensible. He focuses on breaking down advanced crypto developments, analyzing market actions, and producing insightful content material geared toward educating each newcomers and seasoned traders. Alexander has constructed a popularity for delivering well timed and correct evaluation, whereas retaining an in depth eye on regulatory developments, rising applied sciences, and macroeconomic developments that form the way forward for digital finance. His work is rooted in a ardour for innovation and a agency perception that widespread training is vital to accelerating international crypto adoption.

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