Bitcoin Miners Slump as Nasdaq Slides on DeepSeek AI Fears

UPDATE: Core Scientific (NASDAQ: CORZ) is down 20% after the market opens on Monday. Iris Energy and Terawulf (NASDAQ: WULF) followed with a 15-17% slump.

Bitcoin mining stocks saw sharp declines during pre-market trading hours on Monday, as fears over the said breakthrough AI model from Chinese company DeepSeek weighed heavily on U.S. tech stocks.

Shares of major Bitcoin mining companies, including Core Scientific, MARA (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), and Hut 8 (NASDAQ: HUT) Mining dropped between 3% and 15% in early trading.