Microsoft Adjusts Data Center Investments Amid AI Concerns

According to PANews, Microsoft has decided to cancel investments in certain data centers across the United States and Europe due to concerns over an oversupply of AI computing power. This decision led to a decline in stock prices for several cryptocurrency mining companies, including Bitfarms, CleanSpark, and Marathon, with shares dropping between 4% and 12% on the day of the announcement. Analysts suggest that this move intensifies the dependency of mining companies on AI-related business, especially as the upcoming Bitcoin halving is expected to reduce profitability within the industry. Microsoft plans to focus on upgrading existing data center equipment rather than expanding new facilities, with further slowdowns in expansion anticipated in the latter half of 2025 source: https://www.binance.com/en/square/post/22093015530554?utm_source=BinanceNewsRSS