From Cointelegraph
March 26, 2025 3:20:00 pm:

Bitcoin mining stocks are down as Microsoft cancels plans to invest in AI data centers in US and Europe, citing oversupply. Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital, and Riot shares drop 4-12%. Miners depend on AI business post-Bitcoin halving. Core Scientific supports CoreWeave’s AI workloads. VanEck predicts $37 billion boost for miners investing in AI. JPMorgan warns of struggles due to declining crypto prices and potential strain from AI demand drop. Microsoft cuts back on data center investments, delays capacity plans, and pivots to existing centers.

Read more at Cointelegraph: Bitcoin mining stocks down after Microsoft scraps data center plans