Bit Digital will completely exit Bitcoin mining and focus on Ethereum and AI infrastructure

Ethereum treasury company Bit Digital (NASDAQ: BTBT) announced plans to fully cease its Bitcoin mining operations and instead focus on enhancing its Ethereum infrastructure, staking, and high-performance computing (HPC/AI) strategy.

CEO Sam Tabar stated in a letter to shareholders that, with market changes, mining is no longer the most capital-efficient option. The company will concentrate its digital asset exposure on Ethereum and strengthen its AI infrastructure layout through its subsidiary WhiteFiber to achieve operational, liquid, and compound long-term growth.

Bit Digital entered the Bitcoin mining sector in 2020 and began accumulating and staking ETH around the time Ethereum transitioned to PoS in 2022. The company has been a pioneer in HPC/AI since 2023 and has clearly indicated a shift towards a "pure Ethereum treasury and staking" model by mid-2025, gradually selling off mining machines, terminating hosting contracts, and phasing out old equipment. Its AI subsidiary WhiteFiber completed its IPO last year, and Bit Digital currently holds approximately 27 million shares.