NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Begins Ethereum Staking Operations, Enters Partnership
Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has officially begun Ethereum staking operations. The company announced that it plans to delegate, or stake, its ETH holdings to an Ethereum validator node in order to help secure and strengthen the blockchain network; the announcement also noted that stakers will be compensated for this commitment in the form of a reward of the native network token. In addition to beginning operations, the company has entered a new partnership with Blockdaemon, the leading institutional-grade blockchain infrastructure company for node management and staking. The partnership calls for Bit Digital to also participate…