Bit Digital has announced a strategic pivot away from Bitcoin mining toward Ethereum infrastructure, staking, and high-performance computing AI through its WhiteFiber subsidiary. CEO Sam Tabar told shareholders that market dynamics have made mining less capital-efficient, and the company will concentrate digital asset exposure on Ethereum to sustain cash flow and pursue long-term, compounding growth.
Bit Digital entered the Bitcoin mining sector in 2020 and began accumulating ETH and staking around 2022 as Ethereum migrated toward Proof of Stake. Since 2023, the company has proactively invested in HPC AI, with a concrete plan to transition to a “pure Ethereum vault and staking” model by mid-2025, gradually selling miners, ending outsourcing contracts, and retiring older equipment.
WhiteFiber, the AI subsidiary, completed its IPO last year, and Bit Digital currently holds approximately 27 million shares. The shift signals a long-term strategy centered on Ethereum-based assets and AI infrastructure to enable scalable, cash-generating growth.
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