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Bitcoin mining stocks down after Microsoft scraps data center plans

Summary by Cointelegraph

Update (March 26 at 8:48 PM UTC): This article has been updated to include commentary from Benchmark stock analyst Mark Palmer.Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance.Shares of crypto miners Bitfarms, CleanSpark, Core Scientific…

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AMBCrypto

Microsoft ditches new AI data centers – Bitcoin mining stocks tumble

Google and Meta step in as Microsoft cancels data center leases, reshaping AI infrastructure demand and impacting markets.

4 days ago

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Coinfomania

Bitcoin Mining Stocks Tank 12% After Microsoft’s Data Center Freeze — Will BTC Tumble Below $85K?

After news came out that Microsoft is delaying its data centre expansion in the United States, Bitcoin mining stocks took a blow. Shares of top Bitcoin miners like Bitfarms, CleanSpark, and Marathon Digital declined 4% to 12%, reflecting worries about diminished hosting possibilities for artificial intelligence (AI) workloads. This decrease is particularly bad considering the next BTC halving is near and Bitcoin’s price is stable. Is the mining …

4 days ago

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GlobalNewsIt

Bitcoin mining stocks down after Microsoft scraps data center plans – #CryptoUpdatesGNIT

Update (March 26 at 8:48 PM UTC): This article has been updated to include commentary from Benchmark stock analyst Mark Palmer. Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance. Shares of crypto miners Bitfarms, CleanSpark, Core Scientif…

5 days ago

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Bitcoin Ethereum News

Bitcoin Mining Stocks Decline as Microsoft Reduces AI Data Center Investments in US and Europe

The post Bitcoin Mining Stocks Decline as Microsoft Reduces AI Data Center Investments in US and Europe appeared on BitcoinEthereumNews.com. The recent decision by Microsoft to halt investments in new data centers has sent shockwaves through the cryptocurrency mining sector, raising concerns about future growth. This unexpected strategy shift highlights the fragility of the crypto mining ecosystem, as miners increasingly rely on AI-related opera…

5 days ago

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Barchart.com

3 AI Data Center Stocks Hit by Trade Anxiety Today

Trade woes and scaled-back data center expansion plans from Microsoft sparked heavy selling across the AI infrastructure space.

5 days ago

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Crypto Breaking News

Bitcoin mining stocks plummet as Microsoft cancels data center expansion

Bitcoin mining stocks have taken a hit following reports that Microsoft is cracking down on cryptocurrency-related ads. This news has led to a downturn in the value of these stocks as investors react to the potential impact on the industry. Microsoft’s alleged move to restrict ads related to virtual currencies, including Bitcoin, has raised concerns among market participants. As a result, companies involved in Bitcoin mining have seen their stoc…

5 days ago

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