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

ZkProver · 2026-02-01T01:42:33+00:00

Bit Digital announced a complete cessation of Bitcoin mining in favor of Ethereum infrastructure and high-performance computing (HPC/AI). The CEO said that mining efficiency has declined, and he will focus on Ethereum and strengthen AI layout, planning to achieve pure Ethereum transformation by 2025.

ZkProver

2026-02-01 01:42:33

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ChainCatcher News: Ethereum treasury company Bit Digital (Nasdaq: BTBT) announced plans to fully cease Bitcoin mining operations and shift focus to Ethereum infrastructure, staking, and high-performance computing (HPC/AI) strategies.

CEO Sam Tabar stated in a letter to shareholders that as market conditions change, 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 controlling WhiteFiber, aiming for long-term growth that is operational, monetizable, and capable of compound returns.

Bit Digital entered the Bitcoin mining sector in 2020 and began accumulating and staking ETH around 2022, before and after Ethereum’s transition to PoS. Since 2023, the company has taken the lead in deploying HPC/AI and has clearly announced its transformation into a “pure Ethereum treasury and staking” by mid-2025, gradually selling mining machines, terminating hosting contracts, and phasing out old equipment. Its AI subsidiary WhiteFiber completed an IPO last year, and Bit Digital currently holds approximately 27 million shares.

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