Bit Digital Eth staking operations

in hive-108451 •  2 years ago 

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Bit Digital (NASDAQ:BTBT) said Thursday it has begun ethereum (ETH-USD) staking operations as it expands beyond its core bitcoin mining operation.

Shares of the company, which ended 8.3% higher on Thursday, climbed 9.6% after the bell.‼️

The cryptocurrency miner will stake its ETH holdings to an ethereum validator node to secure the blockchain. Stakers will be compensated with the native network token.

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2 years ago by

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