PANews reported on March 27 that according to Cointelegraph, Microsoft canceled investments in some data centers in the US and Europe due to concerns about excess AI computing power, causing the stock prices of multiple crypto mining companies to drop 4%-12% that day, including Bitfarms, CleanSpark, and Marathon. Analysts said this move exacerbates mining companies' dependence on AI business, and the revenue decline after Bitcoin halving has already put pressure on the industry. Microsoft plans to focus on transforming existing center equipment and is expected to further slow down expansion in the second half of 2025.
