Bitcoin mining to the Stak strategy star-news.press/wp

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Sujha Sundarajan

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Sujha Sundarajan

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June 26, 2025

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Bitco Mining Bit Digital has announced that it is out of its mining operations to focus only on Ethereum Staking. The company started moving to become a “pure play” company for the Treasury and Treasury.

Company He said Wednesday It plans to sell Bitcoin mining assets and republish clear returns to ETH.

In May, and The company reported a 17 % decrease in revenue For the first quarter, 2025, compared to the previous year. “The motivation behind the decrease in the mining mining revenues after half in April 2024,” Bit Digital said at the time.

In particular, the company witnessed a 64 % decrease in revenue from Bitcoin Mining and said it received only 83.3 Bitcoin during the first quarter, by 80 % from the previous year.

By placing digital ether, infrastructure

Bit Digital, listed on the Nasdaq Stock Exchange, started to accumulate ETH and operate the roaming infrastructure in 2022. The company has steadily increased its shares since then.

According to the official announcement, the company held 24,434.2 ETH and 417.6 BTC as of March 2025.

The strategic axis comes at a time when Ethereum has gained, after he moved to the consensus mechanism, to prove the ecosystem for encryption.

The second largest encryption in the world started a new upward step above the level of $ 2,320 on Thursday, for each Coinmarketcap data. ETH is now bullish signs and may aim to move higher than $ 2,550.

in Separate ad.Bit Digital noticed that she would sell shares to use net returns to buy Ethereum. She announced a general offer consisting of its regular shares with B. Riley Securities as the Director of Books Management.

Stocks are tested 8 % drowning

The company’s shares initially decreased by 3.7 % near Wednesday, and another 4.3 % decreased in post -working hours, each Yahoo financing data.

The axis to ETH news raised the investor’s concerns, indicating uncertainty despite strategic developments in ETH operations. The shares of the New York -based company have a market size of $ 488 million.