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

Poin penting

• Digital asset firm Bit Digital reported a third-quarter profit of $28.5 million, marking a significant financial turnaround despite an 11% drop in revenue.
• The company has shifted its focus away from traditional Bitcoin mining toward Ethereum and artificial intelligence, reflecting broader strategic pivots and ongoing market volatility within the digital asset sector.

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