Acum 7 h
Bitcoin Miners IREN and CIFR Surge on $15.2 Billion HPC Deals as Crypto Markets Decline
Cryptocurrency markets declined amid weakening macroeconomic conditions, with Bitcoin falling 0.9% alongside traditional benchmarks. Bitcoin miners IREN and Cipher Mining posted substantial gains following announcements of high-performance computing agreements with Microsoft and AWS valued at $9.7 billion and $5.5 billion respectively. The deals highlight bitcoin mining companies' pivot to AI infrastructure hosting partnerships with major technology firms.