Crypto mining actions jumped Tuesday after Nebius Group announced a five -year agreement to provide Microsoft (Msft) With graphic processing units worth $ 17.4 billion.
The agreement, aimed at strengthening Microsoft’s artificial intelligence infrastructure, has aroused investors’ enthusiasm for companies with a large -scale IT power, bitcoin minors.
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The mining actions rally even came as a bitcoin He himself abandoned an early advance and decreased by about 1% to $ 111,100 in the last 24 hours. The contrast underlined how investors’ attention is increasingly linked to the role that mining infrastructure could play in AI boom rather than the action of bitcoin prices.
Leader was a 22% gain for Bitfarms (Bitf)While Cipher Mining’s actions (CIFR) increased by 20%. Ren (Iren)Cabin 8 (HUT)Riot platforms (RIOT) and terawulf (Wulf) were in the middle of percentages in adolescence.
Interestingly, the weakest interpreter in the sector was Mara Holdings, who, in recent months, has positioned himself as more than one Bitcoin cash company, rather than a high performance computer player. Mara’s shares were only 4% on Tuesday.
The disproportionate movements reflect the changing reality of the industry. For years, the profitability of the mines has been largely dictated by the four -year rambling cycle of Bitcoin, when the block rewards are halved. This pace no longer dominates, leaving companies exposed to an increase in electricity costs, the production of relentless equipment and the intensification of competition. Material manufacturers like Bitmain continue to develop, adding pressure to an already crowded field.
At the same time, AI reshapes the business model. Minors with large energy fingerprints and advanced IT infrastructure explore means of rental of the capacity to hyperscalers or swivel to data center services. The Nebius-Microsoft agreement stressed how precious GPU has become and why the markets reward minors with an evolutionary infrastructure.
