Key Highlights: Rising debt financing costs for artificial intelligence chip purchases have triggered market sell-offs affecting AI compute firms and Bitcoin miners like Hut 8 and Core Scientific. Investment management firm VanEck argues that mining companies pivoting to data centers hold critical power grid access and land that are structurally different from pure chip-leasing models. ...
Key Highlights: MARA shares fell 8.23% to $6.58 after opening at $6.81, touching multi-month lows not recorded since March 2023. MARA maintains a strong 20-period correlation of +0.78 with Bitcoin (BTCUSDT), reflecting broader pressure from the crypto asset’s retreat toward $76,500. Technicians point to Friday’s intraday low of $6.44 as critical support, while a rebound ...
Key Highlights: Higher-than-expected U.S. inflation data sparked a widespread market retreat, driving down the S&P 500 by 1.1% and the Nasdaq Composite by 1.9%. Artificial intelligence infrastructure and high-growth tech firms absorbed steep losses, with CoreWeave dropping 16%, Nebius sliding 11%, and Oracle declining 9%. Bitcoin mining companies reallocating energy infrastructure toward AI workloads now ...