Bit Digital Ditches Bitcoin Mining for a $163M All-In on Ethereum
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
TL;DR Bitcoin’s market cap surged past $2.1 trillion as the price reclaimed $107,000, with its realized cap nearing $958 billion, a clear sign of maturing institutional
TL;DR American Bitcoin Corp. and Gryphon Digital Mining have filed an amended S-4 form with the SEC as part of their planned merger. The combined company
TL;DR UniCredit launched an investment certificate in Italy tied to BlackRock’s Bitcoin ETF, with full capital protection and returns capped at 85%. The product, with a
TL;DR Botanix has officially launched its mainnet, introducing DeFi capabilities directly on the Bitcoin network. The project combines Ethereum-style smart contract functionality with Bitcoin’s security, enabling
TL;DR Liquid Staked ETH led the pack with an almost 90% market-cap surge, as yield-hungry investors piled into staking derivatives. Mantle Staked Ether’s volume exploded over
TL;DR American Bitcoin, backed by Eric Trump and Hut 8, closed a $220 million private raise, issuing 11 million shares, with $10 million paid in BTC,
TL;DR After surging nearly 50% from $74.6K to over $107K, Bitcoin has been stuck trading between $100K–$110K, hinting at a shift from rapid gains into sideways
TL;DR Institutional demand for Bitcoin continues to rise, driven by new treasury acquisitions and spot ETF inflows surpassing $3.2 billion in two weeks. However, long-time Bitcoin
TL;DR Eleven straight weeks of inflows have pushed YTD crypto fund subscriptions to $16.9 billion, nearly matching H1 2024’s $17.8 billion. Last week alone saw $2.7
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy