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- 1Bitcoin Miner Stocks Slide as AI Cloud Pivot Raises Credit Risks●RIOT, MARA, IREN, and CORZ Stocks Slide as Bitcoin Miners Turn Neoclouds Face Credit Risks - Riot Platfor
Shares of Bitcoin miners Riot Platforms, MARA, IREN and CORZ all declined after analysts flagged credit risks tied to the companies' push into AI cloud computing services. Miners have been converting their energy-intensive data centers into 'neocloud' infrastructure to serve artificial intelligence workloads, a pivot that involves heavy borrowing and long-term contracts, prompting investor concern over balance sheet strength.