On January 30, Bit Digital (BTBT), a US-listed Ethereum crypto treasury company, announced plans to completely cease its Bitcoin mining operations and instead focus on increasing its investment in Ethereum infrastructure, staking, and high-performance computing strategies.
In a letter to shareholders, CEO Sam Tabar stated that mining is no longer the most capital-efficient option, and the company is concentrating its digital asset exposure on Ethereum to achieve long-term growth that is operable, monetizable, and regenerative.
