Bitcoin mining no longer lucrative: Bit Digital plans to shut down operations
ByAinvest
Friday, Jan 30, 2026 12:28 pm ET1min read
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Leading miner Bit Digital plans to shut down its Bitcoin mining operations to focus on AI, following other companies like Bitfarms and Tether Holdings. The company began mining Bitcoin in 2020 and pivoted to Ether treasury and staking after Ethereum transitioned from proof-of-work to proof-of-stake. Bitcoin mining has become less lucrative due to multiple halving events, which have lowered rewards despite a rise in Bitcoin price.
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