Crypto Weekly
Subscribe
No Result
View All Result
Crypto Weekly
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
No Result
View All Result
Crypto Weekly Magazine
No Result
View All Result
  • Home
  • News
  • Learn
  • Regulation
  • Advertise with us
  • Subscribe

Bitcoin mining stocks down after Microsoft scraps data center plans

cryptoweekly by cryptoweekly
March 26, 2025
in bitcoin, News
0

Microsoft has reportedly cut plans to invest in data centers in the US and Europe, driving cryptocurrency miner stocks to tumble on March 26.

Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance.

Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed.

The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving” cut into mining revenues.

Read more

Previous Post

Specialized purpose DEXs poised for growth in 2025 — Curve founder

Next Post

GameStop jumps 12% after Bitcoin purchase plans

Next Post

GameStop jumps 12% after Bitcoin purchase plans

Latest News

TON coin dips 6% after UAE authorities deny golden visa claim

by cryptoweekly
July 7, 2025
0

...

‘Is this real?’ CZ questions TON’s UAE Golden Visa as gov’t sources stay silent

by cryptoweekly
July 6, 2025
0

...

VC Roundup: DeFi, AI, hybrid exchanges showcase resilient month for crypto

by cryptoweekly
July 6, 2025
0

...

Crypto adoption will be driven by high-growth markets, with or without the US

by cryptoweekly
July 6, 2025
0

...

Bitcoin 'cup and handle' breakout gives $230K target as SOL eyes 2800% gain

by cryptoweekly
July 6, 2025
0

...

Vitalik proposes gas cap to enhance Ethereum security, stability

by cryptoweekly
July 6, 2025
0

...

TON offers 10-year UAE golden visa for $100K in staked Toncoin

by cryptoweekly
July 6, 2025
0

...

Crypto tax evaders to face fines in the United Kingdom

Crypto tax evaders to face fines in the United Kingdom

by cryptoweekly
July 6, 2025
0

...

$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham

by cryptoweekly
July 6, 2025
0

...

Secret Service seizes $400M in crypto, cold wallet among world’s largest

by cryptoweekly
July 6, 2025
0

...

Got a Story tip? Email Contact@cryptoweeklymag.com

CMC Coin

A marketing-focused coin w/ a unique set of tokenomics & incredible use cases! The official coin of Crypto Weekly Mag!
Learn More

News

Recent Posts
  • TON coin dips 6% after UAE authorities deny golden visa claim
  • ‘Is this real?’ CZ questions TON’s UAE Golden Visa as gov’t sources stay silent
  • VC Roundup: DeFi, AI, hybrid exchanges showcase resilient month for crypto
  • Crypto adoption will be driven by high-growth markets, with or without the US
  • Bitcoin 'cup and handle' breakout gives $230K target as SOL eyes 2800% gain
  • Vitalik proposes gas cap to enhance Ethereum security, stability
  • TON offers 10-year UAE golden visa for $100K in staked Toncoin

Office

Crypto Weekly
71 – 75 Shelton Street
Covent Garden London, UK

Stay Connected

Facebook Twitter Instagram Telegram

© 2022 crypto weekly. All rights reserved

  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
Translate »