'AI Hosting Business Diversification' Bitcoin (BTC) Mining Companies See Stock Decline...DeepSeek Shock
JH Kim
Summary
- It was reported that the stocks of Bitcoin mining companies are showing a decline of about 20-30%.
- Mining companies such as Cipher Mining, Core Scientific, and TeraWulf emphasized the need for caution in investment.
- The unveiling of DeepSeek's R1 model has had an impact on the diversification of hosting infrastructure business.
Chinese AI company DeepSeek has unveiled its flagship model R1, leading to a decline in the stocks of Bitcoin (BTC) mining companies that have diversified their business into hosting infrastructure such as AI.
According to The Block, a cryptocurrency media outlet, on the 27th (local time), cryptocurrency mining companies Cipher Mining (CIFR), Core Scientific (CORZ), and TeraWulf (WULF) have seen a decline of about 30%, while Hut 8 (HUT), Iris Energy (IREN), and Bitdeer (BTDR) have experienced a decline of 20-25%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "Bitcoin attempts a technical rebound after capitulation selling…trend reversal hinges on fresh inflows"](https://media.bloomingbit.io/PROD/news/067f7da2-2764-45b9-a79c-b8a9c31d4919.webp?w=250)
