Bit Digital stock falls 5% in pre-market after Q3 revenue miss

Bit Digital's third-quarter results show mixed signals: revenue missed analyst expectations, falling short by about $27 million (around 16% below consensus), prompting a pre-market drop of 5% to 9%. However, the company reported a net profit of $28.5 million, indicating a shift from mining to Ethereum and AI may be generating earnings despite lower revenue.