Bitcoin miners and AI infrastructure stocks have experienced significant gains amid market volatility, despite Bitcoin facing downward pressure due to hawkish Federal Reserve expectations and rising Treasury yields. Notable increases were seen in KEEL (+30%), CIFR (+29%), IREN (+29%), WULF (+24%), and HUT (+22%). Key developments include IREN's $1.6 billion acquisition of Dell Blackwell systems, TeraWulf's purchase of a 1 GW computing facility in Kentucky, and Hut 8's $9.8 billion lease agreement in Texas, highlighting a strategic shift towards AI infrastructure.
On the macroeconomic front, the 10-year U.S. Treasury yield has slightly retreated to 4.47%-4.50% as markets anticipate the upcoming PCE data and the first FOMC meeting under new Fed Chair Warsh on June 16-17. The crypto stock basket index by 10x Research has risen 56% year-to-date, contrasting with Bitcoin's 17% decline over the same period.
Bitcoin Miners and AI Stocks Surge Despite Market Volatility
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