Bitcoin Miners Surge Following Microsoft’s $17.4B AI Bet
Crypto mining stocks jumped on Tuesday after Nebius Group announced a five-year agreement to supply Microsoft (MSFT) with graphic processing units valued at $17.4 billion. The deal, aimed at bolstering Microsoft’s artificial intelligence infrastructure, sparked investor enthusiasm for companies with large-scale computing power, bitcoin miners among them. Read more: CoreWeave Shares Gain 4.5% After Launch of VC Arm Targeting AI Startups The rally in mining shares came even as bitcoin (BTC) itself gave up ...