Bitcoin Mining Stocks Plunge 35% as VanEck Sees Oversold Opportunity
Bitcoin mining stocks expanding into AI data center infrastructure dropped an average of 35% in October. VanEck believes the selloff was excessive, arguing that market fears have pushed valuations below what existing business fundamentals would justify. Concerns surrounding rising borrowing costs at AI computing…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinData centre
A facility that houses large numbers of servers and networking equipment to store and process data.
Data centres use large amounts of electricity and water, which makes their location a local and climate issue.
More about Data centreMore in Finance
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