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Bitcoin mining companies that have expanded into related businesses posted sharp stock declines as U.S. CPI data pressured tech and AI infrastructure shares, Cointelegraph reported.
TeraWulf fell 12.64%, Core Scientific dropped 12.44%, Cipher Mining lost 12.35%, and IREN slid 12.2% on Oct. 14, local time. Riot Platforms, Bitdeer Technologies, MARA, and CleanSpark also traded lower. The S&P 500 fell 1.1% and the Nasdaq dropped 1.9% the same day, marking their biggest one-day declines since July 29 and July 23, respectively.