The post DeepSeek AI Disruption Hits Crypto Mining Stocks Hardest appeared first on Coinpedia Fintech News
Crypto mining stocks have taken a big hit as a new artificial intelligence (AI) model from China’s DeepSeek shakes up the market. The tech industry is facing a shift, with AI gaining dominance, leading to concerns about overvaluation. As a result, Bitcoin miners and other crypto-related stocks are struggling, adding pressure to an already volatile market.
Crypto Mining Stocks Plunge
For the second consecutive day, crypto mining stocks faced heavy losses. Major tech stocks began to recover, but crypto-related stocks were hit hard. The sell-off was mainly triggered by DeepSeek’s AI model, which quickly became the most downloaded app in Apple’s App Store.
Investors are now questioning the future of AI investments, affecting tech and crypto markets.
Some of the renowned crypto-mining companies saw their stock crash by almost 5% to 10% including Riot Platforms (RIOT)
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