- Bit Digital is repositioning itself as an Ethereum-focused treasury company rather than a Bitcoin miner.
- The company is prioritizing AI and high-performance computing to drive future growth.
Bit Digital, a Nasdaq-listed crypto company, has officially announced that it will exit Bitcoin mining and will mainly focus on Ethereum staking and AI infrastructure. Sam Tambar, CEO of Bit Digital, said that Bitcoin mining has not produced sufficient income for the company. Rising costs, hardware limits, and lower efficiency pushed the company to move to an alternative business where the company’s capital could be used productively to gain a steady income and grow more easily.
Bit Digital now describes itself as an “Ethereum Treasury” company as it holds 155,227 ETH as of late 2025. Nearly 90% of the ETH is actively staked, which helps to secure the Ethereum network. Bit Digital began Bitcoin mining in 2020, operating in China and the United States. It started mining Ethereum in 2022, before Ethereum moved to the proof of stake.
Apart from Ethereum Staking, Bit Digital is building an AI and high-performance computing business through WhiteFiber, which is a company that holds a majority stake. WhiteFiber operates a data center-style infrastructure used for AI computing. The business brings nearly 60% of BitDigital’s total revenue, which is one of the largest income sources for the company.
BitDigital’s ETH Holding and its Market Value
BitDigital holds 153,546 ETH worth around $428.8 million in the month of July 2025. In October, the company added 31,057 ETH using the funds raised from a $135 million convertible note offering. Market data shows that BitDigital stock trades 90% above the value of its ETH holdings.
This shift from BitDigital shows the broader trend in the Crypto industry. This shows that ETH staking and AI infrastructure are gaining more income and better scalability than Bitcoin mining. As the CEO, Sam Taber stated that the company’s goal is to build a steady business that can outperform during the bearish crypto markets.
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