9-7-2025 – Bitcoin mining giant Bit Digital announced a strategic shift toward Ethereum staking operations, marking a significant departure from traditional proof-of-work mining as regulatory pressures mount on energy-intensive crypto operations.
The move reflects broader industry trends as mining companies seek to diversify revenue streams beyond Bitcoin’s increasingly scrutinized energy consumption model. Ethereum’s proof-of-stake protocol offers more predictable returns while consuming significantly less power, making it an attractive alternative for firms facing mounting environmental and regulatory challenges.
Meanwhile, Bhutan’s Bitcoin holdings have reached a staggering 40% of the country’s GDP, revealing the Himalayan nation’s aggressive crypto accumulation strategy. The kingdom has leveraged its abundant hydroelectric resources to mine Bitcoin sustainably, positioning itself as a model for environmentally conscious crypto adoption while building substantial sovereign wealth reserves.
In a separate development signaling the industry’s geographic shift, all three major mining hardware manufacturers—Bitmain, MicroBT, and Canaan—have established U.S. manufacturing facilities. This unprecedented consolidation of production capacity on American soil responds directly to supply chain vulnerabilities exposed by geopolitical tensions and reflects the United States’ emergence as the dominant force in global crypto mining following China’s 2021 crackdown.
The convergence of these developments suggests the crypto mining sector is entering a new phase characterized by operational diversification, geographic consolidation, and sustainability-focused strategies.