Crypto infrastructure company Bit Digital makes a bold shift, fully exiting Bitcoin mining to focus on Ethereum staking and validation.
Bit Digital, a leading crypto infrastructure firm, has announced the complete shutdown of its Bitcoin (BTC) mining operations. In a significant strategic pivot, the company will now focus entirely on Ethereum (ETH) staking and validation services.
Bit Digital began building its ETH operations in 2022 and has since established one of the largest corporate Ethereum staking infrastructures. Beyond staking, the company offers a comprehensive suite of services, including:
- Ethereum network validation
- Institutional digital asset custody
- Yield optimization strategies
- Financial and technical consulting for Ethereum-based protocols
As of March 2025, Bit Digital holds 24,434 ETH (approximately $44.6 million) and 417 BTC (worth around $34.5 million). According to its strategic roadmap, the firm plans to gradually convert all of its BTC holdings into ETH, reinforcing its long-term commitment to the Ethereum ecosystem.
Such a move is rare in an industry still dominated by Bitcoin mining. Bit Digital’s transition echoes other initiatives like SharpLink—backed by Joe Lubin, founder of Consensys—which also seeks to position ETH as a reserve-grade asset.
To fund this transition, Bit Digital has launched a new Initial Public Offering (IPO) aimed at accelerating ETH acquisition. Simultaneously, the company will spin off its high-performance computing division, WhiteFiber Inc., as a separately listed entity.
Conclusion:
Bit Digital’s decision to abandon BTC mining in favor of Ethereum staking signals a future-focused vision. By betting on the sustainability and evolution of the Ethereum network, the company is positioning itself as a leader in validation, yield management, and institutional ETH infrastructure. This move could become a blueprint for other crypto firms seeking long-term value beyond Bitcoin.
Frequently Asked Questions
Find answers to the most common questions below.
To focus its business model on Ethereum staking, validation, and institutional services, which the company sees as more sustainable and growth-oriented.
The company plans to gradually convert all its BTC holdings into ETH as part of its Ethereum-focused strategy.
As of March 2025, Bit Digital holds 24,434 ETH, worth approximately $44.6 million.
The firm offers Ethereum network validation, institutional-grade custody, yield optimization, and consulting for ETH ecosystem protocols.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
