Microsoft cuts data center plans, bitcoin miners such as Bitfarms fall
2025-03-27 02:15:53
Microsoft canceled some data center investments in the United States and Europe due to concerns about the oversupply of AI computing power, causing the share prices of many crypto mining companies to fall by 4% -12% on the day, including Bitfarms, CleanSpark, Marathon, etc. The analysis said that this move has exacerbated the dependence of mining companies on AI business, and the decline in profits after the bitcoin halving has put pressure on the industry. Microsoft plans to shift to renovating existing center equipment, and is expected to further slow down the expansion in the second half of 2025.
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