Bitcoin mining shares (BTC) are down after the Microsoft technology giant has deleted plans to invest in new artificial intelligence data centers in the United States and Europe, citing a potential excess offer, according to a Bloomberg report and Google Finance data.
The actions of Crypto Miners Bitfarms, Cleanspark, Core Scientific, Hut 8, Digital Marathon and Riot fell between 4% and 12% in tandem with the news, showed the data.
The warnings of stock prices highlight an increased dependence on cryptocurrency minors with regard to the affairs of artificial intelligence models after reducing the “disclosure” of the Bitcoin network, the reduction of mining income.
Corz Intraday Performance on the Nasdaq. Source: Google Finance
The minors “diversify in the accommodation of AI data centers as a way to expand income and reuse the existing infrastructure for high performance IT,” said Metrics in a March report.
For example, in June 2024, Core Scientific promised 200 megawatts of material capacity to support the workloads of Corewave artificial intelligence.
In August 2024, the director of assets Vaneck said that Bitcoin extraction actions could collectively see around $ 37 billion in stock market capitalizations if they invest massively in the support of the AI.
Nevertheless, minors had trouble this year while the drop in cryptography prices aggravates the pressures on companies already affected by half of April, JPMorgan said in March. The decreasing demand for AI data centers could add additional pressure.
Bitcoin minors could see pivotal assessment at AI. Source: Valve
In relation: I bet more on bitcoin minors in congestion on the AI
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On March 26, TD Cowen analysts said Microsoft had abandoned plans to build several new data centers that have generated some 2 power gigawatts, according to Bloomberg.
Analysts would have attributed Microsoft’s withdrawal to an excess offer perceived of IT capacity for AI models, as well as the decision of the technology giant to give up certain planned collaborations with the chatgpt openai manufacturer.
In the past six months, Microsoft has canceled various data center leases and delayed plans to integrate more capacity, according to Bloomberg.
Investments in Microsoft data centers should slow down more in the second half of 2025, the company ends $ 80 billion in builds and pivots planned to equip existing centers with equipment and equipment, said Bloomberg.
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