BitMine’s Lee dubs Ethereum a ‘discount to the future,’ forecasting long-term upside, while Bit Digital eyes a $100M raise to expand mining capacity – moves that may reshape crypto investment flows.
Bit Digital, a prominent crypto miner, has seen its stock surge by 26% following a strategic decision to exchange Bitcoin for Ether. This move underscores the company’s shift in focus amid evolving market dynamics and investor sentiment.
Bit Digital has announced its strategic exit from Bitcoin mining to concentrate exclusively on Ethereum staking. This move reflects a shift in focus towards harnessing the potential of Ethereum’s proof-of-stake mechanism amid evolving market dynamics.