Sharp Crash in Bitcoin Mining Stocks: Four Major Companies Drop More Than 12% in a Single Day
Photo: Bitcoin Sistemi
Higher-than-expected US inflation triggered a sell-off in technology and AI stocks. Companies that shifted from Bitcoin mining to data centers also couldn't escape the decline. The widespread sell-off in US stock markets has hit companies operating in Bitcoin mining and artificial intelligence infrastructure hard. Shares of TeraWulf, Core Scientific, Cipher Mining, and IREN all lost more than 12% of their value in a single trading day. TeraWulf shares fell approximately 12.64%, while Core Scientific dropped 12.44%, Cipher Mining 12.35%, and IREN 12.2%.
Source: Bitcoin Sistemi
