According to Odaily Planet Daily, Nasdaq-listed Bit Digital released its second-quarter 2024 financial report, showing that the company's total revenue was US$25.7 million, a year-on-year decrease of 11.7%, mainly due to a decrease in Bitcoin mining revenue (down 58.8% year-on-year to US$6.6 million), due to increased network difficulty, the halving in April 2024, and a decrease in active computing power. The company is shifting its focus to the Ethereum treasury and staking strategy. In the second quarter, it received approximately 166.8 ETH staking rewards. As of June 30, the staked scale was 21,568 ETH, with an annualized effective yield of 3.1%; as of August 11, the staked scale increased to 105,015 ETH. CEO Sam Tabar said the company's goal is to establish one of the largest on-chain ETH balance sheets in the public market and generate stable staking income for shareholders. (TheBlock)