Bitcoin Miners Are Oversold After 35% October Drop, VanEck Says
Key Highlights: Shares of Bitcoin miners pivoting to AI data centers plunged an average of 35% in October amid broader industry contagion. Investment manager VanEck asserts the sell-off is an unwarranted market “dislocation” rather than a failure of the hybrid business model. Firms like Core Scientific and Hut 8 act as critical powered shell providers, ...