Bitcoin miner stocks plunge 12% as hot CPI and AI data-center debt fears hit
- —Terawulf fell 12.64%, Core Scientific 12.44%, Cipher Mining 12.35%
- —IREN lost 12.2%; Riot, Bitdeer, MARA and CleanSpark also declined
- —US September CPI hit 3.7% vs 3.6% expected; October hike odds briefly topped 50%
- —CoreWeave dropped 16%, Nebius 11% and Oracle 9%
Why it matters: Higher rate expectations pressure miners funding AI data-center expansion with debt, weighing on their equities and BTC treasury reserves.
Source: Bloomingbit