Bit Digital Secures $150M War Chest to Double Down on Ethereum Dominance

Mining giant pivots from Bitcoin's energy woes to ETH's proof-of-stake future

The $150M Bet:
Bit Digital just placed a massive wager on Ethereum's infrastructure—proving even crypto miners know where the smart money's headed. The move comes as institutional players keep quietly stacking ETH while retail traders chase meme coins.

Why It Matters:
This isn't just a pivot—it's a full-scale migration. The company's dumping ASICs for GPUs, swapping SHA-256 for smart contracts, and basically admitting Ethereum's merge was the ultimate 'told you so' moment.

Wall Street's Whisper:
'Another proof-of-work dinosaur tries evolving,' smirked one hedge fund analyst (between sips of a $28 cold brew). Meanwhile, the ETH/BTC ratio keeps printing higher lows—but hey, keep arguing about 'sound money.'