Microsoft Reduces Data Centers: Bitcoin Mining Stocks Plummet, BTC Prices at Risk!
TradingKey - Microsoft has canceled its AI data center plans in the US and Europe. This has led to a sharp decline in Bitcoin mining stocks, which could further impact Bitcoin prices.
According to Bloomberg, tech giant Microsoft (MSFT)scrapped its investment plans due to oversupply. This decision has had a significant negative impact on the stock prices of Bitcoin (BTC) mining companies. Here are the details:
Company Name | Stock Price Change (March 26) |
Core Scientific | -11.89% |
Cipher Mining | -11.84% |
Riot | -7.17% |
Bitdeer | -7.64% |
Hive Digital | -7.18% |
CleanSpark | -6.99% |
Bitfarms | -6.87% |
Hut 8 | -5.34% |
Bit Digital | -5.06% |
Marathon Digital | -3.32% |
To boost revenue, Bitcoin mining firms have begun adding AI data centers for hosting services. In a March report,Coin Metrics stated that "miners are diversifying into AI data center hosting to expand income and repurpose existing infrastructure for high-performance computing."
Currently, Bitcoin miners face three major challenges: the upcoming Bitcoin halving, which will reduce mining rewards;stagnant Bitcoin prices; and declining demand for AI data center services. Together, these factors are placing increasing pressure on miners' profitability.
To cover daily operational expenses, miners may be forced to sell Bitcoin, potentially putting downward pressure on BTC prices. At present, Bitcoin is struggling to break through the $90,000 level and is currently trading at $87,387.
Bitcoin price chart, source: TradingView.
Related Articles
That V-Shaped Reversal? Blame This Overlooked Indicator
Yesterday，due to concerns about tariff policies, panic continued to spread in the U.S. stock market before the market opened.With the release of Chicago PMI data, US stocks rebounded across the board. The ISM manufacturing PMI will be released tonight. Will the market continue to rise?
February PCE Report——Stagflation Signals Flash as Rate Cuts Delayed
Core Inflation Surprise and Weak Consumption Paint a Challenging Picture for the Fed.
Microsoft: The AI Power Move Wall Street Missed
TradingKey - Microsoft’s AI revenue run rate exceeded $13B, growing 175% YoY, with Azure AI contributing 13 percentage points to Azure’s 31% YoY growth.
2025 S&P 500 Forecasts on Wall Street: Why Are Analysts Divided?
TradingKey - Wall Street's forecasts for the S&P 500 index in 2025 show a rare split: the lowest target from Stifel stands at 5,500 points, while Oppenheimer's highest target is 7,100 points, marking a significant 20% disparity. This is the biggest difference in annual outlooks among investment bank
Ray Dalio’s Warning on “Unsustainable” US Debt: What Investors Need to Know
Tradingkey - So far in 2025, it has been a roller coaster ride for investors. The rally in US stock markets post-President Trump’s election quickly fizzled out as markets realised he was serious about imposing punitive tariffs on both allies and strategic competitors.