币界网报道：Bit Digital's stock plummeted 11.06% amid investor concerns over its strategic shift toward Ethereum infrastructure. The Nasdaq-listed Bitcoin miner announced plans to reallocate resources from Bitcoin mining to Ethereum staking and AI computing, triggering market skepticism. While the company reported a 152% revenue surge to $16.5 million in Q1 2024 from Bitcoin operations, its pivot comes as Ethereum's network upgrades reduce mining profitability. Bit Digital currently holds 28,500 ETH (worth ~$100 million) for staking and plans further ETH acquisitions. CEO Bryan Bullett emphasized the move aligns with their "multi-asset strategy" to diversify revenue streams beyond Bitcoin's volatility. The transition mirrors industry trends as crypto miners explore alternative blockchain opportunities amid Bitcoin's halving-induced margin pressures. Analysts note the stock drop reflects uncertainty about execution risks in Bit Digital's technological transition and Ethereum's evolving reward structure.