Bitcoin Mining Stocks Fall More Than 10% Alongside AI Spending Warning
Photo: TokenPost
Shares of three companies with Bitcoin (BTC) mining operations and AI infrastructure plans fell more than 10% Wednesday, Oct. 14, on a day marked by an AI spending warning and a major financing move by one of the miners. IREN Limited dropped 12.2% to $30.56, Cipher Digital fell about 12%, and Hut 8 declined 10.5% to $74.87 at the 4 p.m. ET close (20:00 UTC). The declines coincided with a U.S. inflation release, an AI infrastructure returns forecast and Cipher’s note pricing. The timing alone does not establish what drove the share declines. U.S.
Source: TokenPost
