Riot Platforms, IREN, and MARA Drop Further as Bitcoin Miners Wrestle With the AI Headwinds
Top Bitcoin mining companies pivoting to the AI industry are facing substantial challenges as investors warn about the AI bubble.
Economy · News reference
IREN shares are under pressure Thursday after sliding Wednesday on neocloud concerns, rising CoreWeave bond yields and Fed rate hike fears.
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Top Bitcoin mining companies pivoting to the AI industry are facing substantial challenges as investors warn about the AI bubble.
The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
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