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TechFlow, June 26 — According to The Block, Bitcoin mining company Bit Digital (ticker: BTBT) announced it will cease its Bitcoin mining operations and transition into a "pure-play" Ethereum staking and reserve company. The company plans to raise funds for ETH purchases by selling shares and divesting its high-performance computing subsidiary.
According to The Block, Bitcoin mining company Bit Digital (ticker: BTBT) announced it will cease its Bitcoin mining operations and transition into a "pure-play" Ethereum staking and reserve company. The company plans to raise funds by selling shares and divesting its high-performance computing subsidiary to purchase ETH.
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