Bitcoin Mining Stocks Drop Over 12% as Inflation Hits AI Infrastructure
Edited by Steinar Vigdel Kolnes, Editor, Oslo
TeraWulf, Core Scientific, Cipher Mining and IREN each fell more than 12% amid Wall Street’s steepest selloff since July.
Bitcoin mining stocks tumbled during Wall Street’s worst selloff since July, with losses reaching roughly 13%.
TeraWulf, Core Scientific, Cipher Mining and IREN were among the hard-hit companies. Each recorded a decline of more than 12%.
The retreat came as hotter inflation weighed on AI infrastructure companies, putting the miners’ losses within a broader stock-market downturn.
Source: Cointelegraph
