RT SSV Network (@ssv_network)🚨 Major milestone for Ethereum staking & institutional adoption 🚨1/ @krakenfx is the first major exchange to run all of its Ethereum validators on Distributed Validator Technology (DVT) with @ssv_network.This is a first-of-its-kind move. And it sets a new bar for the industry. 🧵 ...

Staking on Kraken levelled upSSV Network (@ssv_network):🚨 Major milestone for Ethereum staking & institutional adoption 🚨1/ @krakenfx is the first major exchange to run all of its Ethereum validators on Distributed Validator Technology (DVT) with @ssv_network.This is a first-of-its-kind move. And it sets a new bar for the https://t.co/xenautovHh ...

Ethereum staking has long been the ultimate “set and forget” crypto trade. Simply stake ETH, secure the network, and collect passive rewards!But amid the run-up for ETH prices, Crypto Twitter's attention has recently centered on the record two-plus-week wait times for staking withdrawals.But what is the withdrawal queue, how does it work, and why is everyone suddenly obsessed with this obscure aspect of Ethereum’s architecture?Let's dig in👇~~ Analysis by @JackInabinet ~~📤 What is the Withdrawal Queue?The su ...

Core Insights - Bit Digital has completed a significant transformation, pivoting to a dedicated Ethereum treasury and staking platform following the IPO of its former subsidiary, WhiteFiber [2][13][20] - The company aims to build one of the largest institutional Ethereum balance sheets in public markets while reducing its legacy Bitcoin mining exposure [14][23][35] Business Transformation - The IPO of WhiteFiber has allowed Bit Digital to focus on its Ethereum strategy, retaining approximately 74.3% ownership, which may reduce to 71.5% if the green shoe option is exercised [3][21] - The transition to Ethereum treasury and staking is expected to streamline operations and reduce costs significantly [10][41] Financial Performance - Total revenue for Q2 2025 was $25.7 million, with a notable decline in Bitcoin mining revenue to $6.6 million, down 59% year-over-year [5][27] - Cloud services revenue increased by 33% year-over-year to $16.6 million, while Ethereum staking revenue was $400,000, reflecting a slight decline [6][28] - Gross profit reached $12.5 million, resulting in a gross margin of approximately 49%, an improvement from the previous year [7][29] Ethereum Holdings and Staking - As of August 11, 2025, Bit Digital held approximately 121,000 ETH, a significant increase from 3,663 ETH at the end of Q2 2025 [3][23] - The company had about 105,000 ETH actively staked by August 11, with an annualized effective yield of approximately 3.1% [4][23] Strategic Outlook - Management plans to scale ETH holdings and optimize staking yield while maintaining a strong liquidity position, with total liquidity of approximately $273 million as of June 30, 2025 [8][31] - The company is exploring capital market alternatives to raise further capital for ETH purchases in a nondilutive manner [35][36] Regulatory Environment - Recent regulatory developments, including the Genius Act and the Clarity Act, are seen as positive steps toward broader institutional adoption of Ethereum [11][33][52] - The company believes that improved regulatory clarity will enhance Ethereum's role in digital payments and financial infrastructure [32][55]

RT CoinDesk Indices (@CoinDeskMarkets)@TreehouseFi publishes @coinfund_io and @CoinDesk Indices CESR as new DOR Benchmark Rate.“CESR delivers a critical benchmark for Ethereum staking, offering a trusted and standardized rate,” said @baehr, CoinDesk Indices. “CESR was designed to enable new opportunities for risk management across global finance. We’re pleased Treehouse is highlighting the critical role of a reliable benchmark staking rate.”Learn more: https://t.co/KpPaIRR2RR ...

NEW YORK, June 26, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced the pricing of an underwritten public offering of 75,000,000 ordinary shares at a public offering price of $2.00 per share. The aggregate gross proceeds to the Company from the offering, before deducting the underwriting discount and other offering expenses payable by the Company, will be $150.0 million. The Company intends to use the net proceeds from this offering to purchase Ethereum ...

Core Viewpoint - Bit Digital, Inc. has announced the commencement of an underwritten public offering of its ordinary shares, with the intention to use the net proceeds to purchase Ethereum [1][5]. Group 1: Offering Details - The offering will consist solely of ordinary shares offered by the Company, with no assurance on the completion, size, or terms of the offering [1]. - B. Riley Securities is the sole bookrunning manager, while Clear Street, Craig–Hallum, and Northland Capital Markets are co-managers for the offering [2]. - The offering is being conducted under a shelf registration statement on Form S-3, which was filed with the SEC on April 30, 2025, and declared effective on June 20, 2025 [3]. Group 2: Company Overview - Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, having begun to accumulate and stake ETH in 2022 [5]. - The Company operates one of the largest institutional Ethereum staking infrastructures globally, offering advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization [5]. - Bit Digital aims to provide secure, scalable, and compliant access to onchain yield through strategic partnerships within the Ethereum ecosystem [5].

Financial Data and Key Metrics Changes - Total revenue for 2024 was $108 million, a 141% increase from 2023 [33] - Adjusted EBITDA reached $73 million, compared to $12.4 million in 2023 [37] - Gross profit was $45.7 million, nearly threefold increase from 2023, with gross margins expanding approximately 500 basis points to 42.3% [35][36] Business Line Data and Key Metrics Changes - Bitcoin mining revenue was $58.6 million, up 32% year over year, despite a 37% decline in Bitcoin production [34] - Cloud services generated $45.7 million in its first year of operations, becoming the largest business segment by revenue in the second half of 2024 [34][9] - Colocation services contributed $1.4 million from October 12 through year-end, following the acquisition of Innovem [34] Market Data and Key Metrics Changes - The HPC business accounted for over 40% of full-year revenue and more than half of Q4 revenue [6] - The company has seen strong demand for B200s, with a potential additional $25 million in annual recurring revenue (ARR) expected from a new cluster [13] - The customer pipeline remains strong, with demand for GPUs outstripping supply [14] Company Strategy and Development Direction - The company is focused on scaling its HPC operations and has integrated its data center operations through the Innovem acquisition [6][19] - A disciplined approach to GPU procurement is being taken to manage capital deployment and avoid excess inventory risk [14] - The company aims to position itself as a leader in AI infrastructure, with a focus on urban data center locations to meet low latency requirements [28][109] Management's Comments on Operating Environment and Future Outlook - Management noted significant and sustained demand for compute infrastructure, which exceeds current capacity [39] - The company believes it is misunderstood by the market, with its stock trading like a pure play Bitcoin miner despite its diversified operations [40] - Future growth is expected to be driven by inference demand in AI compute, with strategic developments in metropolitan areas [28] Other Important Information - The company remains debt-free but is exploring financing options for its HPC business [38][42] - Capital expenditures for 2024 totaled $94 million, primarily for GPU purchases and the acquisition of Montreal II [38] Q&A Session Summary Question: What is the current run rate for cloud services? - The current run rate is $62 million, expected to increase to $72 million with the D&A Fund contract [49][50] Question: What is the revenue contribution from colocation services in Q4? - Colocation revenue recognized was $1.4 million, annualized from the acquisition date [56] Question: Can you provide details on the 100 megawatt site under LOI? - There is currently 24 megawatts of power available, with discussions for an additional 100 megawatts by the end of 2025 [65][66] Question: How confident is the company in sourcing infrastructure equipment? - The company has secured equipment for upcoming deployments and is confident in sourcing for future needs [90] Question: What is the strategy regarding Bitcoin mining? - The focus remains on optimizing the fleet and maintaining Bitcoin exposure without significant growth capital allocation [31][96] Question: How is the company evaluating yield strategies for digital assets? - The company sees a bright future for digital assets and is currently focused on its HPC business [105][107]