'AI Hosting Business Diversification' Bitcoin (BTC) Mining Companies See Stock Decline...DeepSeek Shock
JH Kim
- 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.
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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.PiCK News
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