Search results for Bit Digital
Crypto
Keel ends U.S. bitcoin mining, shifts focus to high-performance computing
Keel Infrastructure has ended all bitcoin mining operations in the United States and shifted its focus to high-performance computing infrastructure. Cointelegraph reported that the company said in its second-quarter report it halted U.S. mining operations before building high-performance computing sites. Keel’s second-quarter revenue fell 50 percent from a year earlier to $30 million, and it posted an operating loss of $141 million.
Crypto
Ethereum treasury firms derive 60 percent of revenue from staking, operations emerge as key
Staking is emerging as a core revenue pillar for listed Ethereum (ETH) treasury firms. Everstake analysed 15 listed Ethereum treasury companies with available disclosures and results through May 2026 and found about 60 percent of disclosed 2025 revenue came from staking. The finding comes as the firms posted large combined losses, including a $1.41 billion aggregate net loss for fiscal 2025. Strategy is shifting from holding to active asset management as spot Ethereum ETFs reduce indirect exposure advantages.
Crypto
Goldman Sachs reshuffles crypto ETFs, keeps bitcoin and exits XRP and Solana
Goldman Sachs sold all of its holdings in XRP and Solana spot exchange-traded funds in the first quarter, according to a quarterly 13F filing with the U.S. Securities and Exchange Commission. XRP spot ETF holdings fell from about $152.2 million at end-previous quarter to zero, and six Solana-related products were fully sold. It also cut bitcoin and ethereum spot ETF positions, while adding a staking-focused ethereum trust.