Bit Digital to Exit Bitcoin Mining, Pivots Toward Ethereum Staking and High-Performance Computing

Bit Digital has announced a major strategic shift, confirming that it will cease its Bitcoin mining operations and transition its business focus toward Ethereum infrastructure and high-performance computing (HPC). The move reflects a broader reassessment of capital efficiency within the digital asset mining sector.
According to the company, Bitcoin mining has become increasingly capital-intensive and less efficient, driven by rising energy costs, hardware competition, and tightening margins. Bit Digital’s CEO stated that under current market conditions, allocating capital to traditional mining no longer delivers optimal returns, prompting the decision to exit the segment.
Going forward, Bit Digital plans to prioritize Ethereum staking, positioning itself as a dedicated Ethereum infrastructure provider. By focusing on staking-based yield generation, the company aims to build more predictable and sustainable revenue streams compared to the volatility of proof-of-work mining. In parallel, Bit Digital will expand into AI-focused high-performance computing, leveraging data center capabilities to support growing demand for compute-intensive workloads.
As part of the transition, the company intends to gradually sell its Bitcoin mining equipment and redeploy resources into Ethereum-centric operations. Management described the long-term vision as transforming Bit Digital into a pure Ethereum vault and infrastructure platform, aligning the business with trends in proof-of-stake networks and decentralized finance.
This strategic pivot underscores a broader industry shift, as public mining firms increasingly explore diversification into staking, cloud infrastructure, and AI computing to adapt to changing economics and evolving blockchain architectures.#FedKeepsRatesUnchanged