Bit Digital revealed its plans to focus solely on ETH staking last month, in a move that wasn't entirely unexpected given the more challenging environment bitcoin miners have experienced since last year's halving.
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Crypto Miner Bit Digital Up 26% After Swapping Bitcoin for Ether
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Bit Digital’s pivot to an Ethereum-only staking strategy reflects a broader industry shift away from Bitcoin mining, as reduced post-halving rewards pressure miners’ profitability
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Bit Digital’s treasury shift is motivated by its confidence in Ethereum’s programmable blockchain, staking incentives and growing role in asset tokenisation
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