Bitcoin mining storage after Microsoft Data Center plans

Update (March 26 at 8:48 pm UTC): This article has been updated to include a comment from the standard stock analyst Mark Palmer.

Bitcoin (BTCThe mining shares decrease after the giant Microsoft technology has canceled plans to invest in new artificial intelligence databases in the United States and Europe, noting that the offer is increased, according to a report issued by Bloomberg and Google Finance data.

The data showed that Crypto Miners BitFarms, Cleanspark, Core Scientific, HUT 8, MARATHON Digital and RIOT decreased between 4 % and 12 % in synonym with news.

Highlighting the stock prices highlighting the cryptocurrency workers Increased dependence on businesses from artificial intelligence models After reducing the “half” of the Bitcoin Network, to mining revenues.

According to standard stock analyst Mark Palmer, investors have already expected discounts at the Microsoft Data Data Center.

From his point of view, it seems that the decline in the stock prices “seems to be more paid than stagnation in the price of bitcoin more than any other factor, which is likely to be combined with the invested fatigue that settles on the space with the difficulty of mining near the record levels.”

Coin Metrics said in a March report that miners “are varied in hosting the AI ​​Data Data Center as a way to expand revenues and re -fill the current high -performance computing infrastructure.”

For example, in June 2024, Core Scientific pledged 200 megawatts of devices capacity to support artificial intelligence work burdens in Coreweave.

In August 2024, Director of Assets Vank He said Bitcoin mining shares can collectively collectively be seen approximately $ 37 billion for market graphics if they invested heavily in supporting artificial intelligence.

however, Miners have struggled this year JPMorgan said in March that the decrease in encryption prices is increasing pressure on companies that were already affected by half in April. The decline in demand for artificial intelligence centers can add more pressure.

Related to: I bet more on Bitcoin miners spent on artificial intelligence

Reducing the account

On March 26, TD Cowen’s analysts said that Microsoft has abandoned plans to build several new databases that would have generated about 2 GB of power, According to To Bloomberg.

According to analysts ’proportions, Microsoft retreated to the increase in the display of the computing capacity of artificial intelligence models, as well as the technology giant’s decision to abandon some planned cooperation with Chatgpt Maker Openai.

In the past six months, Microsoft has canceled rental contracts in the various data center and its plans were delayed on a larger capacity, according to Bloomberg.

Bloomberg said it is expected that the investment of the Microsoft Data Center will slow down in the second half of the year 2025, as the company ends from $ 80 billion in construction and axes planned to equip the current centers with devices and equipment.

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