Bit Digital to Exit Bitcoin Mining, Focus on Ethereum and AI Infrastructure

KuCoinFlash

Release Time: 01/29/2026 21:45:45

Summary

Bit Digital (NASDAQ: BTBT) announced that it will exit Bitcoin mining and instead focus on Ethereum and AI infrastructure. The company cited shifting market conditions and an unfavorable risk-to-reward ratio in mining. CEO Sam Tabar emphasized the need to optimize capital efficiency. Bit Digital plans to sell its mining equipment and transition to a pure Ethereum treasury model by mid-2025. The company will leverage its stake in WhiteFiber to expand its high-performance computing (HPC) and AI capabilities. As companies adjust their strategies, support and resistance levels in the cryptocurrency market have become increasingly significant.

Odaily Planet News: Ethereum treasury company Bit Digital (NASDAQ: BTBT) announced plans to completely cease its Bitcoin mining operations and instead focus more on Ethereum infrastructure, staking, and high-performance computing (HPC/AI) strategies.

In a letter to shareholders, CEO Sam Tabar stated that as the market evolves, mining is no longer the most capital-efficient option. The company is now concentrating its digital asset exposure in Ethereum and is strengthening its AI infrastructure through its ownership of WhiteFiber, aiming to achieve long-term, operational, monetizable, and compounding growth.

Bit Digital entered the Bitcoin mining industry in 2020 and began accumulating and staking Ethereum around 2022, before and after Ethereum's transition to Proof-of-Stake (PoS). Starting in 2023, the company was among the first to expand into High-Performance Computing (HPC) and Artificial Intelligence (AI). By mid-2025, it clearly shifted toward becoming a "pure Ethereum vault and staking" entity, gradually selling mining hardware, terminating hosting contracts, and phasing out outdated equipment. Its AI subsidiary, WhiteFiber, completed an IPO last year, and Bit Digital currently holds approximately 27 million shares.

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