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

Odaily News Ethereum treasury company Bit Digital (Nasdaq: BTBT) announced plans to completely cease its Bitcoin mining operations, shifting its focus to Ethereum infrastructure, staking, and a high-performance computing (HPC/AI) strategy.

In a letter to shareholders, CEO Sam Tabar stated that with market changes, mining is no longer the most capital-efficient choice. The company will concentrate its digital asset exposure on Ethereum and strengthen its AI infrastructure layout through its controlling stake in WhiteFiber to achieve long-term growth that is operational, monetizable, and compoundable.

Bit Digital entered the Bitcoin mining sector in 2020 and began accumulating and staking ETH around the time of Ethereum's transition to PoS in 2022. The company started pioneering its HPC/AI layout in 2023 and clarified its transition to a "pure Ethereum treasury and staking" model by mid-2025, gradually selling mining rigs, terminating hosting contracts, and phasing out old equipment. Its AI subsidiary, WhiteFiber, completed an IPO last year, and Bit Digital currently holds approximately 27 million shares.