Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin mining companies Bit Digital announced that it is leaving its mining operations to focus only on the standing Ethereum. The company launched the transition to become a “pure game” withdrawal and the treasury.
Company she said on Wednesday that he plans to sell his Mining of bitcoins Assets and transfer of net yield to ETH.
In May The company reported a 17% decrease in income In the first quarter of 2025 compared to the previous year. “The decline was driven by a decrease in revenue from digital assets after mid -April 2024,” Digital Bit said at that time.
In particular, the company recorded a 64% reduction in income from bitcoin mining and said it only earned 83.3 Bitcoin During Q1, it will be reduced by 80% since the previous year.
Bit Digital Ether Position, ETH Infrastructure Maging
In 2022, NASDAQ digital list began to accumulate ETH and operating infrastructure. Society has been constantly increasing since then.
According to an official announcement, the company organized 24 434.2 ETH and 417.6 BTC since March 2025.
Strategic pivot comes at a time when EthereumAfter switching to the consensus mechanism, he gained traction in the ecosystem crypto.
The second largest crypt in the world launched a new step above the level of $ 2,320, pere Data Coinmarketcap. ETH now shows bull brands and can focus on moving above the $ 2,550 zone.
In a notificationBit Digital noted that he would sell stocks to use a net revenue for the purchase of Ethereum. She announced the subscribed public offer of her ordinary shares with B. Riley Securities acting as a manager of a running book.
Shares experience 8% of immersion
Shares of the company initially dropped by 3.7% on Wednesday and at a time of 4.3% in clock trading were further dropped Data Yahoo Finance.
Pivot This ETH has caused investors’ concerns, suggesting uncertainty despite strategic development in its ETH operations. Shares based in New York have a market limit of $ 488 million.
Contribution Bit Digital Pivot from Bitcoin mining after Strategy Standing ETH, Drops 8% He appeared for the first time Cryptonews.
