Bit Digital announces a complete exit from Bitcoin mining operations, shifting focus to Ethereum and AI infrastructure and reserve operations. CEO Sam Tabar stated in a January 29 shareholder letter that mining capital efficiency has decreased, and the company will focus on operational, monetizable, and compound infrastructure. The company entered mining in 2020 and launched Bit Digital AI in 2023 to lead diversified HPC. Subsidiary WhiteFiber raised approximately $160 million in its August IPO, with Bit Digital holding 27 million shares. In July, the company held 153,500 ETH (valued at $428.8 million, mostly staked). In October, it purchased an additional 31,057 ETH (funded by $135 million in convertible bonds). (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55899