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Bit Digital Dumps Bitcoin Mining—Goes All-In on Ethereum Staking in Bold Pivot
Bit Digital Dumps Bitcoin Mining—Goes All-In on Ethereum Staking in Bold Pivot
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Another miner capitulates as the Proof-of-Work exodus accelerates. Bit Digital just flipped the ASICs for APYs—betting everything on Ethereum's staking economy.
Why stake when you can swing a pickaxe? Because 4% yields beat negative margins. The company joins a growing list of miners abandoning energy-intensive rigs for passive crypto income.
The move comes as Ethereum staking hits record participation—over 30% of supply now locked. Meanwhile, Bitcoin's hash rate stagnates post-halving. Smart pivot or desperate yield-chasing? Wall Street analysts are already calling it 'the Starbucks of crypto'—overpriced lattes with extra hopium.
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