Cipher Mining (CIFR) tumbled 9% and TeraWulf (WULF) sank 7% as the 10-year yield hit 4.7%, squeezing valuations on multi-year AI data center projects. <\/p>\n<\/li>\n
HIVE Digital erased Monday’s gains, falling 7% despite a fresh $350 million GPU cloud deal, while WGMI’s 6% decline confirms the selloff is sector-wide. <\/p>\n<\/li>\n
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and Cipher Mining didn’t make the cut. Grab the names FREE today<\/a>. <\/p>\n<\/li>\n<\/ul>\n Shares of Bitcoin<\/strong> (CRYPTO:BTC) miners pivoting to AI infrastructure are moving lower together Tuesday morning, with Cipher Mining<\/strong> (NASDAQ:CIFR<\/a>) stock down 9% to $16.77 and TeraWulf<\/strong> (NASDAQ:WULF<\/a>) shares down 7% to $16.45. Rising Treasury yields sit at the center of the move. <\/p>\n The 10-year yield is trading near the upper end of its 52-week range, pressuring long-duration cash flow valuations across a group financing multi-year data center construction against contracted revenue arriving later. HIVE Digital Technologies<\/strong> (NASDAQ:HIVE<\/a>) shares are down 7% to $2.87, giving back most of Monday’s surge. MARA Holdings stock is down 5% to $9.24, and Riot Platforms shares are down 4% to $19.23. <\/p>\n Rising Yields Reprice the AI Miner Trade <\/p>\n The 10-year Treasury yield is 4.7%, near the top of its 52-week range of 3.9% to 4.7%. Every name in this cohort is spending heavily now against revenue arriving in 2027 and 2028, and higher rates raise both borrowing costs and the discount rate applied to future cash flows. <\/p>\n The Nasdaq is down more than 1% and the Philadelphia Semiconductor Index is down more than 5%, so AI infrastructure exposure is under pressure across the board. Each miner in this group retains Bitcoin mining operations and treasury exposure while building HPC capacity for AI tenants, making long-term rates a unified driver (we profiled seven non-chipmaker suppliers powering the same buildout in a free AI infrastructure report). <\/p>\n Act now:<\/strong> the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and Cipher Mining didn’t make the cut. Grab the names FREE today<\/a>. <\/p>\n Cipher Mining Takes the Hardest Hit <\/p>\n Cipher Mining stock is absorbing extra pressure beyond the macro, with major sell-side firms adjusting their views on the heavy AI infrastructure pivot. As a capital-intensive Bitcoin miner building industrial-scale high-performance computing data centers for hyperscale tenants, Cipher occupies a concentrated corner of the group with stock up 25% year to date through Monday’s close, so Tuesday’s decline arrives from a level that had absorbed sizable gains earlier in the year. <\/p>\n Story Continues <\/p>\n TeraWulf operates Lake Mariner in New York with 102 MW of revenue-generating critical IT capacity and 336 MW under construction and controls a pipeline of roughly 2.1 GW across five sites with 839 MW of contracted capacity under long-term leases with Anthropic and Core42. The stock was up 53% year to date through Monday’s close, while Riot Platforms has secured 241 MW of contracted critical IT capacity at Rockdale representing $9.8 billion in long-term contracted revenue, with a Corsicana campus under a non-binding letter of intent for up to 1 GW and its shares up 58% year to date through Monday’s close. <\/p>\n TeraWulf, Riot, MARA, and HIVE Follow <\/p>\n MARA Holdings operates 19 data centers across four continents, holds a bitcoin treasury of 35,577 BTC and recently secured rights to a 2 GW site in Texas as part of a targeted powered land portfolio of up to 4.8 GW. The stock was up 8% year to date through Monday’s close. <\/p>\n HIVE Digital Technologies surged Monday on a five-year, $350 million GPU cloud services agreement through its BUZZ HPC subsidiary expected to generate $70 million in annualized revenue, with $185 million in capital expenditures and a $35 million upfront customer deposit. That deal offered no protection once yields moved, and its shares were up 19% year to date through Monday’s close. <\/p>\n The Sector ETF Confirms Group-Wide Selling <\/p>\n The Valkyrie Bitcoin Miners ETF<\/strong> (NASDAQ:WGMI<\/a>) is down 6% to $47.32, sitting in the middle of individual name declines. That placement signals group-wide selling rather than isolated weakness, and WGMI is a narrow thematic fund concentrated in Bitcoin miners, carrying meaningful concentration risk. <\/p>\n The fund was up 31% year to date through Monday’s close. <\/p>\n What to Watch <\/p>\n The bull case is that Cipher Mining, TeraWulf, Riot, MARA, and HIVE hold contracted revenue backlogs, controlled scarce power capacity, and long-duration leases with creditworthy AI customers, none of which changed Tuesday. The bear case is that these are loss-making businesses in heavy investment phases where higher rates directly raise capital costs, and Cipher Mining specifically is absorbing analyst reductions. <\/p>\n Given the volatility of this cohort and low absolute share prices of some names, position sizing should stay moderate. Traders could look for signs that the 10-year yield breaks above its 52-week high. Shareholders may want to keep an eye on whether their exposure can absorb further rate volatility before 2027 and 2028 lease deliveries begin producing cash flow. <\/p>\n Act now:<\/strong> the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and Cipher Mining didn’t make the cut. Grab the names FREE today<\/a>. <\/p>\n<\/a> Bambooshot \/ Shutterstock.com <\/p>\n