Mining Stocks Jump 20% as Amazon’s $50B AI Push Boosts Demand for Power
Crypto mining shares jumped as a lot as 20% led by BitMine and Cipher Mining, after Amazon unveiled plans to take a position as much as $50 billion in AI infrastructure for U.S. authorities businesses. This shift comes as Bitcoin miners face declining profitability following the 2024 halving occasion. Meanwhile, demand for AI compute capability…
