Add as a preferred source on GooglePowered-Shell Providers’ Shares Fell About 35% on Average in October
The group includes many Bitcoin miners that shifted to leasing data-center sites, but the figure does not cover all miners expanding into AI businesses.
Shares of powered-shell providers fell about 35% on average in October. Many companies in the group are Bitcoin miners that pivoted toward leasing data-center sites, making it a narrower measure than the performance of all miners expanding into AI-related businesses.
Some large miners had drawn market interest through their access to power and data-center infrastructure. The October decline came amid pressure on AI-linked stocks and investor concerns about the outlook for AI investment.
The figure describes powered-shell providers; it should not be read as an average return for all Bitcoin miners.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.