Bit Digital (BTBT) Remains Firm on Ethereum-focus Strategic Asset Game Plan

Crypto-mining and data-center infrastructure stocks rose Monday after Hut 8 (HUT) announced a second $9.8B lease at its Beacon Point campus and fully commercialized its 1 GW Texas site, and Iren (IREN) raised 2026 ARR guidance to over $4B from $3.7B. Cipher Digital (CIFR) gained over 17%, Cleanspark (CLSK) over 13%, and MARA and HUT over 10%.

Strategy (MSTR) sold about $2.5 million of bitcoin for the first time since Dec. 2022, breaking its accumulation streak after crypto’s October peak hurt treasury-stock valuations and fundraising. The article says some firms still buy: Bitmine bought ~$53 million of ETH and Bit Digital ~$20 million. Others reduced holdings or exited the model.

Bit Digital said it bought 8,568 ETH on May 11 for about $20 million, raising holdings to roughly 158,462 ETH and lowering its average acquisition cost, according to the company. The Nasdaq-listed firm cited an Ethereum accumulation strategy to grow net asset value per share. Its shares closed at $2.03 Wednesday, up about 35.5% over the past month, per Yahoo Finance.

Everstake’s study, based on filings and earnings disclosures from 15 publicly listed Ethereum treasury firms through May 2026, says staking generated 60% of disclosed 2025 revenue. The report contrasts this with combined FY2025 net losses of $1.41 billion. Examples include Sharplink’s $734.6m loss on $28.1m revenue and Bit Digital’s $80.3m loss on $113.6m revenue, despite $7m in ETH staking rewards (+287% YoY).

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.