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Bit Digital Bets Big On ETH Staking As Mining Plans Fade
Benzinga· 2025-11-17 18:46
Bit Digital, Inc. (NASDAQ:BTBT) signaled a decisive shift in its business model after a surge in Ethereum (CRYPTO: ETH/USD) staking rewards fueled stronger third-quarter revenue, underscoring the company’s accelerating pivot away from Bitcoin (CRYPTO: BTC/USD) mining and toward building a large, yield-generating ETH treasury.H.C. Wainwright & Co. analyst Kevin Dede maintains his Buy rating and $7 price forecast on Bit Digital, asserting that the company’s third-quarter 2025 results provide additional suppor ...