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Bit Digital is winding down its 
Bitcoin mining operations and aggressively pivoting to Ethereum, now host to a massive ETH treasury of over 120,000 coins as part of its new identity as an ETH-native staking powerhouse.
What’s the Scoop?
- Validator & Treasury Rollout: Since launching staking in 2022, Bit Digital has grown one of the largest institutional-grade ETH validator platforms, offering custody, governance, and optimized yield
- Funding the Shift: The equity raises include a $150M share offering in late June and a $67.3M direct placement in mid-July, all earmarked to build the ETH treasury
- Institutional Trend: The move complements similar strategies by SharpLink and BitMine, reflecting a broader institutional trend toward Ethereum-focused treasuries and staking yield
