Bit Digital is exiting Bitcoin mining and shifting its focus to Ethereum and artificial intelligence!
Bit Digital
$BTC BTBT
$GT announced that it will cease all Bitcoin mining operations and redirect its efforts toward Ethereum and AI infrastructure through a stake in WhiteFiber.
The company stated:
"Mining was effective in the past, but over time it has become a less efficient use of capital."
This strategic shift reflects changing returns on investment...
And capital is now seeking higher efficiency and new revenue models.

*Alt text: Bitcoin mi