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Bit Digital swings to $28.5 million Q3 profit as revenue falls 11%

Crypto Briefing ·

Bit Digital's shift from Bitcoin mining to Ethereum and AI highlights the volatility and strategic pivots in the digital asset sector.

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First reported by Cointelegraph at · 2 outlets in all

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  1. Crypto BriefingBit Digital swings to $28.5 million Q3 profit as revenue falls 11%Bit Digital's shift from Bitcoin mining to Ethereum and AI highlights the volatility and strategic pivots in the digital asset sector.
  2. CointelegraphBit Digital stock falls 5% in pre-market after Q3 revenue missBit Digital’s $27 million third-quarter revenue came in 16% below analyst consensus estimates, marking an over $5 million shortfall.