PANews reported on January 30 that, according to The Block, Nasdaq-listed Bit Digital, an Ethereum treasury company backed by Brock Pierce, announced it will completely end its Bitcoin mining business to further focus on the Ethereum ecosystem and high-performance computing infrastructure.

In a letter to shareholders, the company's CEO explained that mining has become a less capital-efficient strategy compared to opportunities that can generate active returns and operating leverage. The company has consolidated its digital asset exposure into Ethereum and is focusing on AI infrastructure through its controlling subsidiary, WhiteFiber. Bit Digital entered Bitcoin mining in 2020 and was one of the first mining companies to shift towards high-performance computing. It first hinted at exiting mining in June 2025 , and has since gradually sold off assets and terminated custody contracts.