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Bitcoin Mining Stocks Drop 20% as AI Trade Drives Miners

2026-07-10 02:42:25

Bitcoin mining stocks have fallen roughly 20%, while Bitcoin has largely avoided the decline, according to 10x Research. The firm argues that miners now trade as AI infrastructure companies rather than Bitcoin proxies. Public miners sold a record 32,000 BTC in the first quarter, but the current correction involves no comparable wave of coins hitting the market.

BTC1.71%

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