Bit Digital Inc. (NASDAQ:BTBT) impresses analysts with third-quarter results, posting a 33% revenue increase to $30.5 million driven by WhiteFiber growth and ETH staking. However, digital asset mining revenue decreased by 27% to $7.4 million due to network difficulty. Cloud services revenue rose by 48% to $18 million, with ETH staking revenue up 542% to $2.9 million. The company is transitioning to focus on Ethereum treasury and staking, increasing ETH holdings from 30,663 coins in June to 153,547 coins worth $590.5 million by October’s end. Management remains optimistic about Ethereum’s future utility and institutional adoption.

Read more at Yahoo Finance: Bit Digital, Inc. (BTBT) Posts Solid Q3 Results amid ETH Staking Milestone