Crypto-related stocks have been pummeled on Wednesday with recently high-flying bitcoin miners with artificial intelligence (AI) infrastructure taking the biggest hit.
Bitfarms (BITF), Cipher Mining (CIFR), Hut 8 (HUT) and tumbled 10%-15% in the early hours of the session. Galaxy (GLXY), the digital asset investment firm with a growing data center operation, was beaten down 15% more than erasing all of its gains after Tuesday’s earnings report.
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