Bit Digital exits bitcoin mining, but the real significance lies in the insights it offers into the future direction of cryptocurrency.
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Bitjie.com reports: Bit Digital is shifting its capital focus towards Ethereum and artificial intelligence infrastructure, gradually exiting bitcoin mining. The company stated that this move aims to improve capital efficiency, as the high fixed costs and limited returns of mining conflict with public market demands for growth. Holding over 150,000 Ethereum for staking allows it to earn yields as a network participant, aligning with investors' preferences for stable returns and active ecosystem participation. This shift reflects a broader trend among cryptocurrency companies moving from pure price speculation to business models based on yields, fees, and services.
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