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VanEck says AI-focused Bitcoin miners fell 35% in October and look oversold

NewsFeeds update

VanEck said shares of Bitcoin miners that moved into AI data centres fell an average of 35% in October, with debt worries at GPU lessors such as CoreWeave spreading to Hut 8 and Core Scientific. The firm argued the sell-off ignores fundamentals and that long-term lease contracts remain intact.

MiningCoinNessAIBearish

Read the original on CoinNess

The story so far: VanEck on AI-focused Bitcoin miners selloff

VanEck research found shares of Bitcoin miners moving into AI data centre leasing fell roughly 35% in October, though signed leases remain intact. VanEck attributed the selloff to rising financing costs, macro sentiment and debt worries at GPU lessors such as CoreWeave, saying long-term lease value is underestimated.

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  1. VanEck says AI data centre pivot miners fell about 35% in October

  2. VanEck says AI-focused Bitcoin miners fell 35% in October and look oversold

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.