TREE NEWS reports: TeraWulf, Core Scientific, Cipher Mining and IREN each fell more than 12% as bitcoin miners led Wall Street’s steepest selloff since July. Hotter-than-expected inflation hit AI infrastructure companies, dragging down the crypto-linked equities alongside the broader market.
Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
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AI take
The striking part is the coupling: miners sold off not on crypto-specific news but on an inflation print, and via the AI-infrastructure trade many of them now sit inside. That suggests these equities are being repriced as rate-sensitive data-center plays rather than as bitcoin proxies, which changes what their share prices actually track. Whether that correlation holds through the next macro data point is the open question.
Generated by AI for reference only.
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