Bitcoin Mining Stocks Plunge as Four Major Companies Drop Over 12% in One Day
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 ...