Applied Digital, Cipher Mining, and Core Scientific stocks fell 3-6% due to rising long-term Treasury yields, which increase the cost of financing for capital-intensive AI data center buildouts. This selloff reflects concerns over higher borrowing costs and the impact on future cash flows, rather than company-specific issues. Broader data center ETFs remain relatively stable, highlighting that the selloff targets highly leveraged buildout firms. Investors should watch Treasury yields closely, as further increases could deepen pressure on these volatile stocks.
Applied Digital is positioned for significant growth with a 15-year take-or-pay contract backlog and expanded opportunities valued up to $85.66 billion in high-performance computing (HPC). The company’s capacity is expected to grow from 100 MW in lat...
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
IREN Limited reported a $638.8 million impairment on older Bitcoin mining equipment, causing its stock to drop 13% and triggering a selloff among AI data center peers like Applied Digital and TeraWulf, which fell around 7%. Despite strong revenue gro...
IREN reported a $639 million impairment on its old Bitcoin mining equipment, causing a 6% stock drop despite its AI Cloud business more than doubling revenue to $128.8 million. The writedown led to a fiscal 2026 net loss of $702.6 million, overshadow...
