{"id":93746,"date":"2026-01-30T15:11:06","date_gmt":"2026-01-30T12:11:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93746"},"modified":"2026-01-30T15:15:24","modified_gmt":"2026-01-30T12:15:24","slug":"bit-digital-shifts-focus-from-bitcoin-mining-to-ai-and-ethereum","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bit-digital-shifts-focus-from-bitcoin-mining-to-ai-and-ethereum\/","title":{"rendered":"Bit Digital Shifts Focus from Bitcoin Mining to AI and Ethereum"},"content":{"rendered":"

The mining company Bit Digital plans to completely abandon the extraction of digital gold. It will focus on investments in ETH and AI-related strategies, reports The Block<\/a>.<\/p>\n

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\u201cMining was effective under the previous business strategy, but over time it became a less profitable way to use capital compared to opportunities that allow active participation, income generation, and operational leverage,\u201d wrote the firm’s CEO Sam Tabar.<\/p>\n<\/blockquote>\n

He added that the company consolidated digital assets in Ethereum and focused on AI infrastructure through a stake in WhiteFiber.<\/p>\n

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\u201cThese decisions have refocused Bit Digital on an area we can exploit, monetize, and grow over time,\u201d noted Tabar.<\/p>\n<\/blockquote>\n

Bit Digital began<\/a> mining Bitcoin in 2020. In 2022, it briefly mined Ethereum until its transition<\/a> to the Proof-of-Stake<\/a> consensus algorithm. At that time, the company also started accumulating and staking<\/a> the second-largest cryptocurrency by market capitalization.<\/p>\n

The firm was one of the first in the industry to diversify its business by betting on high-performance computing (HPC). Anticipating market trends, it launched<\/a> Bit Digital AI in 2023.<\/p>\n

In June 2025, Tabar suggested a complete withdrawal from digital gold mining. Over several months, the company sold off related assets, terminated hosting contracts, and decommissioned outdated equipment.<\/p>\n

Simultaneously, Bit Digital expanded its presence in the AI and HPC segments through subsidiaries and partnerships. In August 2025, its firm WhiteFiber raised nearly $160 million during an initial public offering.<\/p>\n

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\u201cWhiteFiber represents our long-term involvement in AI infrastructure. We view this ownership as a core strategic asset within our capital allocation strategy,\u201d wrote Tabar.<\/p>\n<\/blockquote>\n

Accumulating ETH<\/h2>\n

As of July, Bit Digital owned 153,546 ETH valued at $419 million at the current rate. Most of the coins are staked. According to The Block, the company’s mNAV<\/span> ratio is 1.93, with BTBT shares trading at a 90% premium to the net value of Ethereum on its balance sheet.<\/p>\n