Bit Digital Bets Big On ETH Staking As Mining Plans Fade

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 support for his positive long-term view of the business.

Dede highlights that Bit Digital’s ~70% stake in WhiteFiber Inc. (NASDAQ:WYFI) continued to boost consolidated performance, with revenue …

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