Crypto Company Abandons Bitcoin Mining to Focus Entirely on Ethereum Staking
Crypto infrastructure firm Bit Digital is making a bold strategic pivot, abandoning Bitcoin mining entirely in favor of Ethereum staking and asset management.
The company announced that it will gradually wind down its Bitcoin operations and redeploy those resources into Ethereum, marking a rare full-scale transition in an industry still largely dominated by Bitcoin-focused operations.
Bit Digital began staking Ethereum in 2022 and has since grown its infrastructure into one of the largest enterprise-grade Ethereum staking platforms globally. Beyond staking, the company offers services in validator operations, institutional custody, yield optimization, and governance consulting for Ethereum protocols.
As of March 2025,…
