November 28, 2025 | 22:45Cryptocurrency-linked stocks surged on Friday as prediction markets indicated growing confidence in a December Federal Reserve rate cut, with Bitcoin mining companies leading the rally with double-digit gains. The market movement reflects heightened expectations for looser monetary policy, driving significant increases across the crypto sector including stablecoin issuer Circle and major trading platforms.
about Crypto Stocks Rally as December Rate Cut Odds Hit 87%Cipher Mining
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Bitcoin Drops to $96K as Whales Sell $290M in BTC
Bitcoin plunged to $96,000 on Friday amid heavy selling pressure and declining risk appetite, wiping out over $700 million in long positions and leaving November down more than 10%. The dramatic drop has traders and analysts questioning whether this represents normal profit-taking or a more significant market turning point as major holders move substantial amounts to exchanges and institutional selling intensifies.
about Bitcoin Drops to $96K as Whales Sell $290M in BTCCrypto Stocks Plunge as Bitcoin Dips Below $99K
Cryptocurrency mining stocks and major crypto-focused companies experienced significant declines on Thursday amid a broader market downturn. The selloff was fueled by persistent macroeconomic uncertainties that have plagued risk assets for weeks, with Bitcoin’s price dropping below $99,000 for the first time since early May and dragging down mining and crypto-related equities across the board.
about Crypto Stocks Plunge as Bitcoin Dips Below $99KCleanSpark Upsizes Convertible Notes to $1.15B Amid Stock Slide
Bitcoin miner CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion while its stock continues to decline, falling approximately 14% over five trading sessions. The company plans to use $460 million to repurchase shares from note investors at $15.03 per share, a move that comes amid broader weakness in cryptocurrency mining stocks and a challenging period for Bitcoin markets.
about CleanSpark Upsizes Convertible Notes to $1.15B Amid Stock SlideIREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125
Australian Bitcoin miner IREN has secured a transformative $9.7 billion cloud services agreement with Microsoft, triggering a significant stock upgrade from Bernstein analysts who nearly doubled their price target to $125. The five-year deal, which will provide Microsoft access to Nvidia’s advanced GB300 GPUs, underscores how cryptocurrency miners are leveraging their substantial power infrastructure to capitalize on the booming artificial intelligence sector, marking a strategic pivot that could redefine their business models.
about IREN Soars on Microsoft AI Deal, Bernstein Ups Target to $125Tesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings Dip
Significant market movements are underway as one of Tesla’s largest shareholders announces plans to vote against Elon Musk’s massive pay package, creating uncertainty around the company’s governance. Palantir shares are falling despite an earnings beat, while AMD declines ahead of its own financial results. Infrastructure stocks like IREN, CIFR, LUMN, and AMKR are reversing yesterday’s gains with substantial pre-market losses, and Beyond Meat plunges after delaying its earnings report, indicating broader market volatility across multiple sectors.
about Tesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings DipCrypto Miners Land $15B AI Deals with Amazon, Microsoft
Bitcoin mining companies are executing a dramatic strategic pivot toward artificial intelligence infrastructure, securing landmark partnerships worth over $15 billion with technology titans Amazon and Microsoft. Cipher Mining surged 32% after announcing a $5.5 billion AWS agreement, while fellow miner IREN secured a $9.7 billion Microsoft contract for GPU cloud services, signaling a fundamental industry transformation as crypto miners leverage their infrastructure for high-demand AI computing.
about Crypto Miners Land $15B AI Deals with Amazon, MicrosoftIREN’s $9.7B Microsoft Deal Fuels AI Compute Rush
Former Bitcoin miner IREN has secured a massive $9.7 billion deal with Microsoft, sending its stock soaring nearly 21% as the AI compute race intensifies. The agreement gives Microsoft access to Nvidia’s cutting-edge GB300 GPUs and marks the latest in a series of partnerships between tech giants and crypto infrastructure providers pivoting to artificial intelligence workloads. This landmark deal validates the strategic repositioning of companies that once focused exclusively on cryptocurrency mining toward the booming AI cloud computing sector.
about IREN's $9.7B Microsoft Deal Fuels AI Compute RushBitcoin Miners Raise $11B in Convertible Debt for AI Pivot
The Bitcoin mining industry is undergoing a fundamental transformation, leveraging convertible debt markets to finance its expensive transition into AI data center operations. Following the April 2024 halving that reduced block rewards by 50%, miners have completed 18 convertible bond deals totaling $11 billion. Major players including MARA, Cipher Mining, IREN and TeraWulf have each raised $1 billion through single bond issues, with average deal sizes more than doubling. Notably, some offerings feature 0% coupons, indicating investor confidence in equity conversion potential rather than immediate interest returns.
about Bitcoin Miners Raise $11B in Convertible Debt for AI PivotBitcoin Miners Reshape Industry Post-Halving
Smaller Bitcoin miners are rapidly gaining ground on industry leaders following the 2024 halving event. Companies like Cipher Mining and Bitdeer have significantly expanded their hashrate, narrowing the gap with top players. This shift signals a major rebalancing of power within the competitive mining sector as tier-2 operators surge in both hashrate and debt, fundamentally reshaping the industry’s balance of power.
about Bitcoin Miners Reshape Industry Post-Halving