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

Quotes that support claims

The quadrennial halving event sees the reward for adding new blocks Bitcoin network reduced by 50%, taking a considerable bite out of miners' revenue stream

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.