The whole mining-company-to-AI-computing pivot is bullshit.
Bit Digital’s revenue came in 16% below expectations, missing by over $5 million, and the stock got crushed premarket.
I think this is what happens when you just shove some GPUs into a data center and call yourself an AI company.
If you own mining stocks, go check their revenue breakdown and figure out which part is actually real.
If they don’t have real orders, don’t chase them.
Bit Digital’s revenue came in 16% below expectations, missing by over $5 million, and the stock got crushed premarket.
I think this is what happens when you just shove some GPUs into a data center and call yourself an AI company.
If you own mining stocks, go check their revenue breakdown and figure out which part is actually real.
If they don’t have real orders, don’t chase them.
