Bit Digital Ditches BTC Mining—Doubles Down on ETH Staking for 2025 Surge

Bit Digital just made a power move—flipping off Bitcoin mining rigs to go all-in on Ethereum staking. Here’s why their pivot could mint serious gains (or leave them holding the bag).

The Great GPU Shift

No more chasing cheap electricity or hardware shortages. The firm’s ditching ASICs for validators—betting ETH’s proof-of-stake rewards will outpace BTC’s dwindling block subsidies. Smart play or desperate yield chase? Wall Street’s already side-eyeing the ‘proof-of-revenue’ narrative.

Staking, Not Shaking

With post-Merge Ethereum hitting 5.3% APY and institutional demand soaring, Bit Digital’s stacking ETH like a degenerate at a blackjack table. But remember kids—staking isn’t mining. No hardware headaches, just slashing risks and the SEC’s eternal glare.

The Cynic’s Take

Another day, another crypto firm ‘strategically pivoting’ (read: fleeing unprofitable ops). At least they didn’t rebrand to ‘AI Blockchain Cloud’—yet.