Bit Digital falls 4% as it ditches Bitcoin mining for Ethereum
The crypto mining firm will additionally sell its own stock to purchase more ETH for its treasury.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The crypto mining firm will additionally sell its own stock to purchase more ETH for its treasury.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin broke away from AI stocks but now $96 oil could turn its escape into a trap
Bitcoin's daily correlation with the S&P 500 fell to 0.12 during the second quarter, down from 0.58 in the fourth quarter of 2025,...
BlackRock clients sell $53M in Ethereum via iShares ETF
BlackRock clients sold $53M in Ethereum via iShares ETF. Ethereum dip to $1,300 in July at 0.2% YES. The post BlackRock clients se...
Rising oil prices and Treasury yields threaten to derail the stock and crypto rally
Rising oil prices above $100 and Treasury yields near 4.71% are pressuring risk assets, with Bitcoin dropping to $65,500 as invest...
Bitcoin Miners Are Becoming AI Landlords. But Which Leases Are a Positive Investment Signal?
The best story in bitcoin mining hasn’t had anything to do with bitcoin in a long time. Years ago, this business (which long lived...
Two Ethereum bridges lose $31.7M within hours as third protocol halts staking
AFX and the Verus-Ethereum bridge suffered about $31.69 million in combined losses within hours of each other, while B² Network se...
Metaplanet crosses 10,000 BTC milestone, surpassing Coinbase treasury as corporate Bitcoin strategy accelerates
Metaplanet bought 1,112 BTC for $117 million, reaching 10,000 BTC holdings and surpassing Coinbase. The firm targets 210,000 BTC b...