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The Nexus
BUSINESSJul 23 · 19:05 UTCBITCOIN MAGAZINEMathew Di Salvo

Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals

Bitcoin's price decline and broader market sell-off contrast with rising mining stocks like Hut 8, CleanSpark, and MARA, driven by AI-related compute contracts. Companies are pivoting from Bitcoin mining to high-powered computing for AI demand amid reduced cryptocurrency profitability.

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