Update (March 26 at 20:48 UTC): This article was updated by a comment from Benchmark Benchmark analyst.
Bitcoin (BTC) mining shares are falling after Microsoft’s technological giant reportedly scraped out plans to invest in novel artificial intelligence centers in the USA and Europe, citing potential hypertension, in accordance with the Bloomberg report and data from Google Finance.
The data showed that Crypto Miners Bitfarms, Cleanspark, Core Scientific, Hut 8, Marathon Digital and Riot actions fell between 4% to 12% with messages.
Restrictions on share prices emphasize the increased dependence of cryptocurrency miners on business from artificial intelligence models to the “half” of the Bitcoin network in April 2024.
According to the Benchmark analyst, Marek Palmer has already anticipated the cuts of the Microsoft data center.
In his opinion, the withdrawal of share prices “seems to be driven by stagnation at the Bitcoins price than any other factor, potentially in combination with the fatigue of investors settling in space, because the difficulty of extracting remains almost levels of records,” said Palmer Cointelegraph.
Coz Intraday performance on Nasdaq. Source: Google Finance
Miners “diversify in hostings of data on artificial intelligence as a way to extend revenues and re -use the existing infrastructure for high performance calculations,” said Coin in the March report.
For example, in June 2024, Core Scientific promised 200 megawatts about hardware capacity to support the burden of Coreweave’s artificial intelligence.
In August 2024, the Vaneck resource manager he said Bitcoin mining shares could jointly see an boost of around $ 37 billion for market capitalization, if they invest firmly in supporting artificial intelligence.
Nevertheless, miners struggled this year because the falling cryptocurrency prices have worsened the pressure on enterprises, which had already been received by the middle of April, said JPMorgan in March. The possible demand for AI data centers can boost the load.
Bitcoin miners saw an boost in valuation from trading to AI. Source: Vaneck
Related: Put more on Bitcoin miners earning artificial intelligence
Limiting calculations
On March 26, TD Cowen analysts said that Microsoft had abandoned plans to build several novel data centers that would generate about 2 Gigawaty power, According to to Bloomberg.
Analysts reportedly attributed to the withdrawal of Microsoft perceived surplus of computing capacity for AI models, as well as a decision on technological giant about resignation from some planned cooperation with ChatgPT Maker OpenAI.
According to Bloomberg, in the last six months, Microsoft has canceled various data center lease agreements and delayed plans for a larger capacity.
Bloomberg said that investments in the Microsoft Data Center in the second half of 2025 will release in the second half of 2025, because the company ends $ 80 billion in planned buildings and turnover to equip existing centers with equipment and equipment.
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