Bit Digital Signals Strategic Break From Bitcoin Mining Bit Digital has announced plans to fully wind down its Bitcoin mining operations, marking a decisive strategic shift for one of the industry’s early public miners. The company, which entered Bitcoin mining in 2020, said the move reflects changing capital efficiency dynamics across the digital asset sector.…
Bit Digital’s Strategic Bet on Ethereum’s Future Bit Digital, Inc. (Nasdaq: BTBT) has significantly expanded its Ethereum holdings, now boasting an impressive treasury of over 120,000 ETH. This strategic move follows a successful $67.3 million registered direct offering to institutional investors, with the proceeds being converted into a substantial long-term bet on Ethereum’s pivotal role…
Ethereum Price Climbs to February Levels Ethereum’s price soared to $3,155, marking a 5.9% rise in 24 hours and over 20% in the past week. The surge reflects growing momentum in corporate ETH adoption, with short sellers losing $85.4 million due to the rally. The rise has reignited discussions on Ethereum’s long-term positioning in institutional…
