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Bitcoin Miners in Turmoil: Core Scientific Plunges as CoreWeave Buyout Shakes Market—Jefferies Calls It ’Expected’
Bitcoin Miners in Turmoil: Core Scientific Plunges as CoreWeave Buyout Shakes Market—Jefferies Calls It ’Expected’
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Another day, another crypto shakeup—this time, it's the miners taking the hit. Core Scientific's stock nosedives alongside peers as CoreWeave's buyout sends shockwaves through the sector. Analysts shrug: 'Price was in the expected range,' says Jefferies, because nothing says 'bullish' like a canned Wall Street non-reaction.
Miners left holding the bag? Check. Opportunistic infra plays? Obviously. Just add it to the pile of 'strategic pivots' that somehow always benefit the acquirer. Meanwhile, Bitcoin keeps chugging along—unbothered, as always, by the mortals trying to profit from its existence.
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