Bit Digital to Cease Bitcoin Mining Operations Backed by Brock Pierce

Bit Digital, supported by Brock Pierce, plans to completely shut down its bitcoin mining activities, which began in 2020.

Bit Digital, the firm under the backing of blockchain entrepreneur Brock Pierce, has announced its decision to completely halt all bitcoin mining operations. This strategic pivot comes after the company initially ventured into cryptocurrency mining in 2020 and later explored diversification into high-performance computing (HPC) and artificial intelligence (AI) sectors.