In the wake of inflation data coming in higher than expected, U.S. mining stocks plunged, with TeraWulf, Core Scientific, Cipher Mining, and IREN all falling more than 12% in a single day.
This reflects the deepening ties between mining companies and the AI infrastructure theme. While AI is an important direction for miners’ transformation, macroeconomic factors remain key drivers for the sector. As miners’ valuation models shift from “computing power output” to “leasing and selling computing power,” do you think this makes them more resilient to risk, or more vulnerable to swings in U.S. stocks?
#BitcoinMining
Source: cointelegraph.com https://cointelegraph.com/markets/bitcoin-miners-plunge-up-to-13-in-wall-streets-worst-selloff-since-july?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
This reflects the deepening ties between mining companies and the AI infrastructure theme. While AI is an important direction for miners’ transformation, macroeconomic factors remain key drivers for the sector. As miners’ valuation models shift from “computing power output” to “leasing and selling computing power,” do you think this makes them more resilient to risk, or more vulnerable to swings in U.S. stocks?
#BitcoinMining
Source: cointelegraph.com https://cointelegraph.com/markets/bitcoin-miners-plunge-up-to-13-in-wall-streets-worst-selloff-since-july?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound