Another BTC miner pivots to Ethereum staking

Looks like Bit Digital (NASDAQ: BTBT) just announced they’re shifting from Bitcoin mining to Ethereum staking.

They currently hold over 24,000 ETH and plan to sell their Bitcoin to expand their ETH strategies.

Feels like another sign that staking is becoming mainstream for companies, not just individuals. Is this is a risky strategy or the future of blockchain validation?